An increase in the U.S. demand for imports will ________ the supply of dollars and lead the dollar to ________
A) increase; appreciate
B) decrease; appreciate
C) increase; depreciate
D) decrease; depreciate
C
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If 80,000 people want tickets to the World Series at the current price, and there are only 55,000 tickets available,
A) the cost of obtaining a ticket for someone who doesn't yet have one will be greater than the price stamped on its face. B) the demand for tickets is highly elastic. C) the price is too low. D) the quantity purchased will be greater than the quantity supplied.
Use the above table. What will the price be when external costs are internalized with a tax?
A) $14 B) $13 C) $12.20 D) $1.80
A price floor does not benefit producers
a. True b. False Indicate whether the statement is true or false
Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (L=6,Q=147) and (L=7,Q=184). The marginal product of the seventh worker is
a. 25 units of output. b. 27 units of output. c. 37 units of output. d. 184 units of output.