As the U.S. dollar appreciates relative to other currencies, the dollar price of goods imported to the U.S. ________, causing net exports and GDP to ________.
A. rises; fall
B. falls; fall
C. rises; rise
D. falls; rise
Answer: B
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Kyle and Stan are playing Odds or Evens, where Kyle is designated as the "odd" player and Stan is designated as the "even" player. They decide to play the game 10 times. At the mixed-strategy equilibrium in this zero-sum game,
A) each player's expected payoff equals zero. B) one player earns all possible points and the other player earns zero points. C) one player's payoff is positive and the other player's payoff is negative. D) There is never an equilibrium in a zero-sum game.
In the figure, when the real wage rate is $10 an hour, ________
A) a shortage of labor exists and the real wage rate will rise B) the demand for labor will increase C) the demand for labor will decrease D) a surplus of labor exists and the real wage rate will fall
In the above table, what is the four-firm concentration ratio for the Gadgets industry?
A) 25 percent B) 40 percent C) 250 percent D) 1,000 percent
What are public goods?
What will be an ideal response?