One reason that companies use the foreign-exchange market is to diversify their expenses from other sources.
a. true
b. false
b. false
You might also like to view...
You have two options for how to spend the afternoon. You can either go see a movie with your roommate or work as a tutor for the Math Department. From experience, you know that going to see a movie gives you $20 worth of enjoyment, and with your student discount, a movie ticket only costs $12. If you spend the afternoon working as a math tutor, you will get paid $45. On a typical day, you wouldn't be willing to spend the afternoon working as a math tutor for less than $35. What is your opportunity cost of seeing a movie this afternoon?
A. $22 B. $8 C. $57 D. $12
To be binding, a price floor must be set below the equilibrium price
a. True b. False Indicate whether the statement is true or false
Refer to Figure 6.3. On this graph, area ABC is:
A. consumer surplus. B. producer surplus. C. total surplus. D. total producer net benefit.
Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.
Figure 24.5Refer to Figure 24.5. If the economy is in equilibrium and the government increases taxes by $50 billion, equilibrium aggregate output ________ to $________ billion.
A. decreases; 1,550 B. decreases; 1,400 C. increases; 2,000 D. decreases; 1,450