If the dollar appreciates against the peso it means that U.S. goods become more expensive in Mexico.
Answer the following statement true (T) or false (F)
True
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Consider the following two situations. (i) You purchase a $10 movie ticket in advance over the Internet, but when arriving at the theater, you realize that you lost the ticket. The only way to see the movie is to purchase a new ticket
(ii) On the way to seeing a movie, you drop a $10 bill. You still can afford the movie, but you have lost the $10. How should you, a rational person, respond to the two situations? A) You should still see the movie in both situations. B) You should respond the same way to each situation, whether it is to see the movie or not. C) In the first situation, you should skip the movie; in the second, you should still see the movie. D) In each situation, you should not see the movie.
The First Fundamental Theorem of Welfare Economics requires
A. producers and consumers to be price takers. B. that there be a market for every commodity. C. that the economy operate at some point on the utility possibility curve. D. all of these answer options are correct.
Other things equal, a price discriminating monopolist will:
A. realize a smaller economic profit than a nondiscriminating monopolist. B. produce a larger output than a nondiscriminating monopolist. C. produce the same output as a nondiscriminating monopolist. D. produce a smaller output than a nondiscriminating monopolist.
Which is best considered a supply factor for long-run economic growth?
A) Personal consumption expenditures B)Government spending C)Full employment of resources D) The stock of capital goods