If you are vacationing in France and the dollar depreciates relative to the euro, then
a. the dollar buys more euros. It will take fewer dollars to buy a good that costs 50 euros.
b. the dollar buys more euros. It will take more dollars to buy a good that costs 50 euros.
c. the dollar buys fewer euros. It will take fewer dollars to buy a good that costs 50 euros.
d. the dollar buys fewer euros. It will take more dollars to buy a good that costs 50 euros.
d
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Suppose that Year 2 is the base year. What is the growth rate of GDP?
A) 44.4% B) 58% C) 67.5% D) 120%
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What will be an ideal response?
A major difference between a monopolist and a perfectly competitive firm is that
A) the monopolist is certain to earn economic profits. B) the monopolist's marginal revenue curve lies below its demand curve. C) the monopolist engages in marginal cost pricing. D) the monopolist charges the highest possible price that he can.
Which of the following people would be considered unemployed?
A) Sam, a part-time worker who wishes to work full time B) Pat, who gave up looking for a job because he was discouraged about his job prospects C) Victoria, who does not have a job and has been actively searching for work, but turned down a job paying less than she desired D) Shirley, who is working but expects to be laid off at the end of the month E) Bobby, a full-time student in his last term before he graduates and who has not yet started to look for a job