Comparing how many dollars it takes to attend college each year to annual earnings on a job represents the use of money as a:
a. medium of exchange.
b. unit of account.
c. store of value.
d. store of coincidence.
b
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In the above figure, the relationship between x and y is
A) positive, with slope decreasing as x increases. B) negative, with slope decreasing as x increases. C) negative, with slope increasing as x increases. D) positive, with slope increasing as x increases.
Refer to the above figure. Suppose E is the original equilibrium. Japanese residents have increased their demand for U.S. goods. This will lead to
A) a depreciation of the yen and an increase in the quantity of yens sold per week. B) a depreciation of the yen and a decrease in the quantity of yens sold per week. C) an appreciation of the yen and an increase in the quantity of yens sold per week. D) an appreciation of the yen and a decrease in the quantity of yens sold per week.
The cost of capital can be thought of as the rate of return required by investors in the firm's securities
a. true b. false
Total fixed cost falls as output expands
a. True b. False Indicate whether the statement is true or false