A U.S. company that wishes to sell more to other countries would favor
A) an appreciation of the dollar.
B) a depreciation of the dollar.
C) neither an appreciation nor a depreciation of the dollar.
D) higher interest rates.
B
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If a perfectly competitive firm is maximizing its profit and is making an economic profit, which of the following is correct?
i. Price equals marginal revenue. ii. Marginal revenue equals marginal cost. iii. Price is greater than average total cost. A) i only B) i and ii only C) ii and iii only D) i and iii only E) i, ii, and iii
Cross-price elasticity of demand is calculated as the
A) percentage change in quantity sold divided by percentage change in buyers' incomes. B) percentage change in quantity supplied divided by percentage change in price of a good. C) percentage change in quantity demanded of one good divided by percentage change in price of a different good. D) percentage change in quantity demanded divided by percentage change in price of a good.
One difference between a traveler's check and a demand deposit is that: a. a traveler's check is accepted almost as widely as currency, while a demand deposit has to be converted into cash before making transactions. b. a demand deposit is accepted almost as widely as currency, while a traveler's check has to be converted into cash before making transactions. c. a traveler's check has a longer
expiration date than a demand deposit. d. a demand deposit has a longer expiration date than a traveler's check.
If beginning stocks for 2014/2015 are adjusted upward in the May (2014) WASDE report, then the estimate of the supply of corn for 2014/15:
a. Is decreased b. Is increased c. Is not affected by the adjustment