Arbitrageur is someone who buys or sells foreign exchange in hopes of profiting from fluctuations in the exchange rate over time
Indicate whether the statement is true or false
false
You might also like to view...
Refer to Figure 4-6. At the equilibrium price of P1, consumers are willing to buy Q1 pounds of granola. Is this an economically efficient quantity?
A) No, the marginal cost of the last unit (Q1 ) exceeds the marginal benefit of the last unit. B) No, the marginal benefit of the last unit (Q1 ) exceeds the marginal cost of that last unit. C) Yes, because P1 is the price where marginal benefit equals marginal cost. D) Yes, because marginal cost is zero at the price of P1.
Assume a market price gets set artificially high-that is, it gets set above the equilibrium price. This change means:
A. Every consumer loses surplus, and it all gets transferred to producers. B. Every producer gains surplus, due to the higher price now being charged. C. Some consumers drop out of the market, and those left lose some surplus. D. None of these is true.
The demand for computers is derived from the demand for the capital resources that are used to produce computers.
Indicate whether the statement is true or false
In a price-taker market, the short-run market supply curve is the
a. vertical sum of the marginal cost curves of all firms in the market. b. vertical sum of the average variable cost curves of all firms. c. horizontal sum of the marginal cost curves of all firms so long as price exceeds average variable cost. d. horizontal sum of the average total cost curves of all the firms in the market so long as average total cost exceeds the market price.