Which one of these periods had the highest rate of inflation?
A. 1945-1948.
B. 1957-1960.
C. 1961-1964.
D. 1969-1972.
E. 1984-1986.
A. 1945-1948.
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Suppose it costs a farmer $1.00 to produce 1 unit of corn, $2.10 to produce 2 units of corn, and $3.30 to produce 3 units of corn. What's the average cost of producing 3 units of corn?
A) $1.00 B) $1.10 C) $2.10 D) $3.30
If the dollar appreciates against the Mexican peso,
A) U.S. exports to Mexico become less expensive. B) U.S. exports to Mexico become more expensive. C) Mexican imports to the U.S. become more expensive. D) The value of Mexican imports to the United States does not change.
For quantity exchanged to decrease, but the price to rise, there must have been a(n)
a. increase in demand. b. decrease in demand. c. increase in supply d. decrease in supply.
In many elections the Republican and Democratic candidates share remarkably similar views-so similar that independent candidates (who rarely win the elections) often enter elections to represent opposing views. How can the similarity between the Republicans and Democrats be explained?
What will be an ideal response?