An increase in the real exchange rate will tend to ________ exports and to ________ imports.
A. increase; decrease
B. decrease; increase
C. decrease; decrease
D. increase; increase
Answer: B
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Based on the cost data in the above table, the long-run average cost (LRAC) is lowest when output is
A) 20. B) 40. C) 80. D) Long-run average cost is constant at all levels of output.
A shock to the economy is a change in
a. production that only affects a few sectors b. production that initially affects the whole economy and then one or more sectors c. spending or production that initially affects one or more sectors and then spreads throughout the whole economy d. spending that only affects a few sectors e. spending that initially affects the whole economy and then one or more sectors
A secondary boycott is directed against ___________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is not an external determinant of organizational architecture?
A. Administrative control systems B. Government regulations C. Technology D. Markets