The currency crisis of 1992 caused France and a number of other countries to choose between
A) a single currency for the EU and keeping their own currency.
B) doing the right thing for their domestic economy and defending the exchange rate.
C) lowering interest rates and reducing unemployment.
D) competitive devaluations and falling unemployment.
E) the Maastricht Treaty and the Single European Act.
B
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Which of the following is TRUE for a perfect price-discriminating monopoly?
A) P = MR for each unit sold B) P = ATC for each unit sold C) P = MC for each unit sold D) P > MC for each unit sold
Xanadu Corp has issued 90 million shares of stock, and it has no plans to issue any more in the near future. If the demand for Xanadu stock increases,
a. the price and quantity of Xanadu stock will both increase b. the price and quantity of Xanadu stock will both decrease c. the price will remain constant, and the quantity of Xanadu stock will increase d. the quantity of Xanadu stock will remain constant, and the price will increase e. the price will increase, and the quantity of Xanadu stock will decrease
In the years ahead we can expect the F/M earnings ratio to
a. remain constant. b. continue to increase. c. continue to increase until 2020, when the 'baby boom" generation retires" and then level off. d. decline.
If the tax doubles to $24, the distortion
Suppose the supply of labor is W – t = 10H, where W is the gross wage, t is the tax (in dollars), and H is labor hours. The demand for labor is W = 120 – 2H. a) declines b) remains the same c) doubles d) triples e) quadruples