A weak dollar would pose a potential problem for Germany and Japan, because it:
A. would make German and Japanese goods more expensive to Americans.
B. would make German and Japanese goods less expensive to Americans.
C. would make goods imported by Germany and Japan more expensive.
D. would worsen inflation for Japan and Germany.
Answer: A
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U.S Postal Service spending is generally not included in total government expenditures
a. True b. False
Refer to the above table. If opportunity costs are constant and both countries produce only the goods for which they have comparative advantages and then trade, hourly world output would equal
A) 4 units of product A and 4 units of product B. B) 8 units of product A and 4 units of product B. C) 8 units of product A and 8 units of product B. D) 12 units of product A and 8 units of product B.
Figure 10-1
?
A firm earns a profit of exactly zero at its optimal output level only if
A. P = MR. B. P = MC. C. P = AC. D. P = SRAVC.
Which of the following is not likely to prevent some people from migrating?
A. having a teenage child who does not want to change high schools B. not wanting to leave their family and friends C. not wanting to face high financial costs associated with migrating D. having a spouse who has a very well-paying job in the current location E. having a lucrative job offer in a different city