The slope of a line is the ratio of the vertical distance covered to the horizontal distance covered along the line
a. True
b. False
Indicate whether the statement is true or false
True
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The opportunity costs of the firm using its own funds are measured by the:
A) market interest rate. B) inflation rate. C) price level. D) menu costs.
Which of the following statements is correct?
a. Cigarettes are likely to be produced in a monopolistically competitive industry. b. Novels are likely to be produced in a monopoly industry. c. Movies are likely to be produced in a monopolistically competitive industry. d. Milk is likely to be produced in an oligopoly industry.
The income consumption curve
A. is always a straight line. B. is the same as the Engle curve. C. always goes through the origin. D. has income on the vertical axis.
To maintain a pegged rate, a nation faces a trilemma and must also:
A) generate extra export revenues. B) watch carefully to ensure imports and exports are equal. C) adjust its interest rates and money supply to ensure the home interest rate is equal to the foreign interest rate to prevent pressure on the exchange rate. D) restrict foreign capital inflows and domestic capital outflows.