In the market for a foreign currency, a "strengthening" of the dollar corresponds to a
A. smaller supply of the foreign currency.
B. lower dollar price of foreign currency.
C. larger demand for the foreign currency.
D. higher dollar price of foreign currency.
Answer: B
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Altogether, total health care spending per person in the United States is
A) about $3,600. B) over $8,000. C) roughly $26,000. D) about $50,000.
The authors explain that the marginal cost of production does not have to be constant in order to maximize profits under intemporal price discrimination
Which of the following is NOT an example of changing marginal costs under profit-maximizing intertemporal price discrimination? A) Marginal cost increases sharply after the initial marketing stages when the product is sold to the broader market of consumers. B) Marginal costs decline over time due to learning-by-doing. C) Marginal costs decline over time because the producer sells less expensive versions of the product in later stages of marketing (e.g., hard-cover versus paper-cover books). D) Marginal costs decline over time due to economies of scale.
Those who believe that "there is no such thing as bad publicity" base this argument on which of the following ideas from behavioral economics?
A. That the recognition heuristic will overcome any negative emotional associations. B. That the recognition heuristic will prevent people from incorporating negative information into their decision-making process. C. That framing effects will diminish the negative emotions associated with most bad publicity. D. That self-serving biases will make people "look the other way" and ignore bad publicity.
Relative to the household? survey, which of the following is a strength of the establishment? survey?
What will be an ideal response?