The IMF currently helps countries maintain fixed exchange rates against each other's currency
a. true
b. false
Ans: b. false
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A technological change that positively affects business expectations will: a. cause a rightward shift of the investment demand curve
b. cause a leftward shift of the investment demand curve. c. cause an upward movement along the investment demand curve. d. cause a downward movement along the investment demand curve. e. make the investment demand curve upward sloping.
The marginal cost of an airline ticket is the total cost of flying the plane divided by the number of passengers
a. True b. False Indicate whether the statement is true or false
Refer to the above figure. Marginal costs are represented by curve
A. 1. B. 2. C. 3. D. 4.
Assume that the tuna fishing industry is perfectly competitive. Which of the following best characterizes the industry if, as demand for tuna increases, fishing boats have to go farther into the ocean to harvest tuna?
A) a fixed-cost industry B) a decreasing-cost industry C) an increasing-cost industry D) a constant-cost industry