An increase in the US demand for British pounds causes
a. An appreciation of the pound
b. Depreciation of the dollar
c. None of the above
d. Both a and b
d
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Liz's marginal utility for two different goods is determined by
A) her average utility for the two goods. B) how much benefit she gets from another unit of each of those goods. C) summing her total utility from consumption of each good and then dividing by two. D) All of the above answers are correct.
Around 50 percent of elementary and secondary educational expenditures are still financed at the local level
a. True b. False
If a firm finds itself operating in Stage I, it implies that
A) variable inputs are extremely expensive. B) it overinvested in fixed capacity. C) it underinvested in fixed capacity. D) fixed inputs are extremely expensive.
Repeated games often lead to cooperation
Indicate whether the statement is true or false