When there is an increase in the real interest rate in Japan, the Japanese yen will depreciate
a. True
b. False
Indicate whether the statement is true or false
False
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A bottle of wine costs $8 and a quiche costs $5. At Robert’s present levels of consumption, he spends all his income and receives marginal utility of $10 from the last bottle of wine and marginal utility of $4 from the last quiche. To maximize his total utility, Robert should
A. buy less wine and more quiche. B. buy more wine and less quiche. C. spend all of his money on wine. D. change his spending pattern until he buys 8/5ths as much wine as quiche.
Which of the following is NOT an operating instrument?
A) nonborrowed reserves B) monetary base C) federal funds interest rate D) discount rate
Suppose Larry's Lariats produced 25,000 lassos and sold each for $10. What was the total revenue for the company?
A. $250,000 B. $25,000 C. $2,500 D. $2,500,000
A firm that fills its vacancies in the upper levels of the hierarchy with its own employees:
a. avoids opportunistic behavior by employees. b. uses an internal labor market. c. avoids the difficult tasks of measuring and comparing the productivities of individual workers. d. pays them according to their performance rather than seniority.