A reliable indicator of a healthy economy is a stable currency
a. True
b. False
B
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Refer to Table 16-3. Suppose Julie's marginal cost of providing this service is constant at $7 and she decides to charge each customer according to his or her willingness to pay. What is the value of consumer surplus by her customers?
A) $39 B) $28 C) $11 D) $0
In about two paragraphs, distinguish between outsourcing and offshoring as they relate to business processes.
What will be an ideal response?
Suppose Wave detergent is sold in a monopolistically competitive market. If the price of Wave detergent is currently $6, and the average cost of producing Wave is $4, in the long run we can expect:
A. firms to enter the detergent market and sell products similar to Wave, shifting the demand curve for Wave to the left. B. firms to enter the detergent market and sell product similar to Wave, shifting the demand curve for Wave to the right. C. the producers of Wave to go out of business. D. the producers of Wave to earn economic profits greater than zero.
According to Keynesians, the primary reason money is not neutral is
A. price stickiness. B. reverse causation. C. rational expectations. D. misperceptions over the aggregate price level.