The figure above shows the demand and supply of dollars in the foreign exchange market. At a price of 1.20 Brazilian reals per dollar
A) there will be a shortage of dollars.
B) $120 billion dollars will be supplied.
C) $40 billion dollars will be demanded.
D) there will be a surplus of dollars.
A
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The above (incomplete) table provides information about the relationships between labor and various product measures. The amount of labor that maximizes the marginal product of labor is
A) 2 units of labor. B) 3 units of labor. C) 4 units of labor. D) 5 units of labor.
The "underground economy" refers to
A) the formal sector of the economy in developing countries. B) the production of goods and services used by the government for covert spy operations. C) the sector of the economy that earns profits that are higher than average. D) the buying and selling of goods that is concealed from the government.
Briefly describe the conditions under which cartels will be formed
What will be an ideal response?
A natural monopoly is characterized by the fact that its average costs increase rather than decrease when its output expands.
Answer the following statement true (T) or false (F)