If the exchange rate is above equilibrium, there will be ________ in the foreign exchange market
A) a surplus
B) a shortage
C) a decrease in the demand for domestic currency
D) an increase in the demand for domestic currency
A
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The figure above shows an education market in which the government is providing households with vouchers. What is the efficient quantity of students?
A) 2 million B) 4 million C) 6 million D) more than 6 million E) more than 4 million and less than 6 million
Refer to the table above. What is the total cost incurred per month if Ryan rents Apartment 5?
A) $2,150 B) $2,270 C) $2,400 D) $2,265
To achieve economic efficiency, a pure public good
a. would have to be provided at marginal cost b. would have to be provide at marginal revenue c. should never be provided d. should be provided to everyone e. would have to be provide free of charge
You are the manager of a gas station and your goal is to maximize profits. Based on your past experience, the elasticity of demand by Texans for a car wash is ?4, while the elasticity of demand by non-Texans for a car wash is ?6. If you charge Texans $20 for a car wash, how much should you charge a man with Oklahoma license plates for a car wash?
A. $18.00 B. $15.00 C. $1.50 D. $20.00