A nominal appreciation of the Japanese yen (against all currencies) indicates that
A) the yen price of the U.S. dollar has increased.
B) the yen price of the U.K. pound has increased.
C) the number of units of foreign currency that one can obtain with one yen has increased.
D) all of the above
D
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The above figure shows the market for steel ingots. The optimal quantity of pollution
A) is 0 units. B) is 50 units. C) is 100 units. D) cannot be determined from the information provided.
In a monopoly
A) the firm is large in an absolute sense. B) the market is small in an absolute sense. C) the firm and the industry are the same thing. D) the monopolist determines how much each firm will produce.
According to the income approach, the largest component of national income in 2003 was
a. government purchases b. proprietor's income c. net interest d. personal consumption expenditures e. compensation of employees
Which of the following grew rapidly after the passage of the Medicare and Medicaid programs in the mid-1960s?
a. the share of healthcare expenditures financed directly by the consumer b. the share of healthcare expenditures financed by third parties c. the prices of healthcare relative to the prices of other goods and services d. both b and c