In 2014, global revenue for IBM was $2 billion lower when measured in dollars than when measured in local currencies. The reason for this discrepancy is the value of the
A) euro decreased relative to the British pound.
B) U.S. dollar decreased relative to the Japanese yen.
C) British pound increased relative to the U.S. dollar.
D) U.S. dollar increased relative to most other currencies.
D
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Increases in net investment generally result in
A) higher levels of capital stock and lower levels of depreciation. B) lower levels of capital stock and higher levels of depreciation. C) lower levels of capital stock and lower levels of depreciation. D) higher levels of capital stock and higher levels of depreciation.
Changing the labels on isoquants without changing the shapes of the isoquants implies no change in the underlying technology so long as the ordering of isoquants is preserved.
Answer the following statement true (T) or false (F)
An increase in the amount of resources would shift the long-run aggregate supply curve:
A) rightward. B) leftward. C) no shift. D) none of the above.
To attract more aggressive bidding in a common-value auction, as an auctioneer, you should
a. Release no information about the item b. Do not let the bidders examine the item closely c. Do not release any adverse information about the item d. Release maximum information about the item, even if it is adverse