As the dollar depreciates relative to the Russian ruble, U.S. goods become cheaper for Russians to purchase. Therefore, in the foreign exchange market, the
A) supply curve of dollars is downward sloping. B) demand curve for dollars is downward sloping.
C) demand curve for euros is upward sloping. D) supply curve of euros is downward sloping.
B
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If economic profit is equal to zero, then
A) the entrepreneur's profit as measured by accountants is also equal to zero. B) the entrepreneur's profit as measured by accountants must be less than zero. C) the entrepreneur is making only a normal profit. D) The entrepreneur's profit cannot be determined based on the information given.
Under perfect competition, a firm’s
A. demand curve and average revenue curve are identical, but the marginal revenue curve is different. B. demand curve is different, but the average revenue curve and the marginal revenue curve are identical. C. demand curve, average revenue curve and marginal revenue curve are identical. D. none of these are true.
Matt and Melinda are American residents. Matt buys stock issued by a German corporation. Melinda opens a shoe factory in Panama. Whose purchase, by itself, increases the U.S.'s net capital outflow?
a. Matt's b. Melinda's c. both Matt's and Melinda's d. neither Matt's nor Melinda's
Workers at a car-manufacturing plant are replaced by automated machinery. What type of unemployment best describes the workers' situation?
A. Structural unemployment B. Full unemployment C. Frictional unemployment D. Cyclical unemployment