When the Swiss franc appreciates relative to the dollar
A. it becomes less expensive in terms of the dollar.
B. it takes fewer dollars to buy a Swiss franc.
C. it takes more dollars to buy a Swiss franc.
D. None of these statements are true.
C. it takes more dollars to buy a Swiss franc.
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Which of the following is an example of horizontal equity?
a. A wealthy individual should pay more taxes than a lower-income individual b. A wealthy individual should have a greater average tax rate than a middle-income individual c. Two persons with identical incomes should pay the same taxes d. A local government decides to impose taxes based on the benefits principle
The tools of monetary policy:
A. are limited in number and never change. B. continue to evolve as the economy changes. C. are all equally effective since they all do basically the same thing. D. have been used in the same basic ways for a hundred years.
What conditions are necessary to determine if the purely competitive firm should produce in the short run? State the marginal revenue and marginal cost conditions and the total revenue and total cost conditions
What will be an ideal response?
The price of a new car is $40,000 while the price of a five-year old car of the same brand is $16,000. The next year the price of the new car increases to $44,000 and the price of a five-year old car of the same brand is $17,600. The relative price of the used car
A. increased by 10 percent. B. remained constant at 0.4. C. decreased by $2,400. D. decreased by 10 percent.