Steven is a career-oriented college student. What should he do to best prepare himself for the tough job market?
a. concentrate completely on schoolwork; no jobs, clubs, or volunteer work
b. seek out internships and co-ops in his field
c. join a dozen or more college social organizations, so that he can have a resume at least 3 pages long
d. all
Ans: b. seek out internships and co-ops in his field
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If a firm hires workers up to the point where the value of their marginal product equals their wage, then the firm is
a. minimizing labor costs. b. maximizing profit. c. maximizing the MP of labor. d. minimizing average costs.
When the dollar appreciates relative to foreign currencies, it means that ________.
A. foreigners need less of their currency to buy one dollar B. we can buy less foreign currency with a given amount of dollars C. we need more dollars to buy each unit of another currency D. the value of foreign currencies decreased relative to our dollar
Which of the following would increase net exports in the United States?
A) The United States purchases 500 silver necklaces from Mexico. B) A Mexican citizen purchases 25 shares of stock in Ford Motor Company. C) The U.S. government donates $5 million to Mexico to help victims of drought in Mexico. D) The government of Mexico purchases 500 Ford F-150 pickup trucks from the United States.
A consol paying $20 annually when the interest rate is 5 percent has a price of
A) $100. B) $200. C) $400. D) $800.