A rightward shift of the Mexican demand curve for foreign exchange will
a. decrease the price of foreign exchange in Mexico
b. increase the value of the peso
c. make foreign goods less expensive in terms of pesos
d. make foreign goods more expensive in terms of pesos
e. make Mexican goods more expensive in terms of foreign exchange
D
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If real GDP is less than potential GDP, then the money wage rate ________, and aggregate supply ________ so that the price level ________
A) rises; decreases; rises B) does not change; increases; falls C) falls; decreases; rises D) rises; increases; falls E) falls; increases; falls
Is the $821 billion that the government would spend on incentive programs and compensation for higher energy prices part of the opportunity cost of producing electricity?
What will be an ideal response?
Team production is a limiting factor as a solution to incentive problems because:
A. some team members never get along. B. some team members may perceive the team leader to be a role model. C. some team members may choose to shirk and let the rest carry the load. D. the entire team may be inefficient.
Suppose that Ms. Thomson is currently exhausting her money income by purchasing 10 units of A and 8 units of B at prices of $2 and $4 respectively. The marginal utility of the last units of A and B are 16 and 24 respectively. These data suggest that Ms
Thomson: A. has preferences that are at odds with the principle of diminishing marginal utility. B. considers A and B to be complementary goods. C. should buy less A and more B. D. should buy less B and more A.