The Japanese yen will appreciate against the dollar if
A) U.S. residents demand more Japanese goods.
B) U.S. residents demand fewer Japanese goods.
C) Japanese residents demand more U.S. goods.
D) none of the above.
A
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With a tax of $4,000 on $24,000 taxable income, the average tax rate is
A. 16.67%. B. 23.45%. C. 20%. D. 25%.
Under the Patient Protection and Affordable Care Act (ACA), residents who do not have health insurance will not be allowed to seek employment
Indicate whether the statement is true or false
A change in demand would be illustrated by
a. a drop in price, which causes people to buy more. b. an increase in price, which causes people to buy less. c. a change in people’s preferences that causes them to buy either more or less than before. d. All of these.
A firm in long-run equilibrium under monopolistic competition will earn
A) zero economic profits because of free entry. B) positive monopoly profits because each sells a differentiated product. C) positive oligopoly profits because each firm sells a differentiated product. D) negative economic profits because it has economies of scale. E) positive economic profit if it engages in international trade.