If the equilibrium exchange rate of the dollar is 1.10 euros per dollar and currently the exchange rate is 0.90 euros per dollar, then there is a ________ of dollars that leads to ________
A) surplus; the supply curve of dollars shifting leftward
B) shortage; a rise in the exchange rate
C) surplus; a rise in the exchange rate
D) shortage; the supply curve of dollars shifting rightward
E) shortage; the demand curve for dollars shifting rightward
B
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One explanation for the change in the participation rate of married women in the U.S. labor force is that:
Why do firms spend money on costly innovation?
a. Competitive markets leave firms no choice but to innovate. b. Innovation is a low-risk activity. c. Innovation always results in higher profits for firms. d. Innovation is usually profitable because the majority of innovations reach the market place. e. Because innovation is beneficial for society and firms are motivated to act in ways that are beneficial for society.
Total net benefits are maximized when marginal net benefits are
a. Maximized b. Minimized c. Zero d. Equal to the discount rate e. Equal to price
When a ____ is applied to a labor market, it is called a minimum wage.
Fill in the blank(s) with the appropriate word(s).