There will be long-run pressure on the price to rise whenever
A. P>ATC.
B. P
Answer: D
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The benefit of holding money is ________, while the opportunity cost of holding money is ________.
A. its usefulness in carrying out transactions; the nominal interest rate B. increased income; lost purchasing power C. the nominal interest rate; the fees charged by banks D. the nominal interest rate; its usefulness in carrying out transactions
You acquire human capital by:
A. investing in health care. B. gaining experience in jobs. C. getting an education. D. All of these are true.
Purchasing goods produced in another country is the most common reason to
A. running a trade surplus. B. exporting to one country. C. investing in one country. D. exchange one currency for another.
Your firm is planning to hold an auction to sell its oil field. What type of auction should you suggest to your boss?
A. English auction B. Dutch auction C. Second-price, sealed-bid auction D. None of the statements is correct.