Stating the dollar has strengthened against the yen means the dollar has depreciated
Indicate whether the statement is true or false
FALSE
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____ has(have) traditionally been the chief instrument of environmental policy in the United States
a. Taxes on pollution b. Voluntary compliance c. Tradable emissions permits d. Direct controls
Refer to the figure below. During high-peak times, what price-quantity combination should the firm charge to maximize profit? 
A. P4 and Q3 B. P2 and Q3 C. P1 and Q2 D. P1 and Q3
Which of the following is not an example of price discrimination?
A. discounted coffee for senior citizens at restaurants B. student discounts at movie theaters C. airlines charging lower prices to travelers who stay over a Saturday night D. back-to-school sales
Huey and Steve can grow potatoes or tomatoes. The table above shows the pounds of potatoes and tomatoes Huey and Steve can grow in a week. Based on the table, Steve has a comparative advantage in
A) both potatoes and tomatoes. B) neither potatoes nor tomatoes. C) potatoes. D) tomatoes. E) More information is needed about Huey's comparative advantage in order to determine Steve's comparative advantage.