Between 1990 and 2009, the percentage of general merchandise purchased in discount stores increased by __________ percent.
A. 10
B. 13
C. 16
D. 25
B. 13
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Refer to Figure 12-16. Which panel best represents the perfectly competitive organic produce market in which some firms are experiencing short-run losses, and consumers are displaying an increased preference for organic produce?
A) Panel A B) Panel B C) Panel C D) Panel D
Costs that are not obvious at the start of a project are
a. variable costs b. semivariable costs c. fixed costs d. indirect costs e. hidden costs
Suppose the interest rate is 5 percent. Consider three payment options: 1 . $500 today. 2 . $520 one year from today. 3 . $550 two years from today. Which of the following is correct?
a. 1 has the lowest present value and 3 has the highest. b. 2 has the lowest present value and 1 has the highest. c. 3 has the lowest present value and 2 has the highest. d. None of the above is correct.
If we assume sticky prices in both foreign and domestic trading nations, the rate of pass-through from the nominal to the real exchange rate falls as:
a. the percentage of traded goods priced in foreign currencies rises. b. the percentage of traded goods priced in the domestic currency rises. c. the percentage change in the exchange rate exceeds the percentage increase in inflation. d. traders find new markets and are able to avoid nations with currency depreciations.