Refer to the figure below. 
In the figure, which interval represents a business cycle expansion?
A. A to B
B. B to D
C. B to C
D. A to C
Answer: A
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When a currency depreciates, its value has
A) been fixed against the value of another country. B) fallen against another currency. C) remained constant against that of another currency. D) risen against another currency. E) fluctuated around a particular value.
The functioning of a market economy is very dependent upon investment for provision of capital and future growth. Describe the process of investment and employment of the created capital in production
Firms in perfectly competitive markets who wish to maximize profits should produce:
A. less as long as marginal cost is less than marginal revenue. B. more as long as marginal cost is greater than marginal revenue. C. at the level where marginal cost equals marginal revenue. D. All of these are true.
Individuals hold precautionary balances in order to
A. Make speculative purchases. B. Take advantage of future changes in bond prices. C. Make anticipated expenditures. D. Pay for emergency purchases.