As the expected profit from holding dollars ________, the quantity of ________
A) increases; dollars demanded increases
B) increases; dollars demanded decreases
C) decrease; foreign currency demanded decreases
D) None of the above answers is correct.
A
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The point where both x and y are zero is known as the
a. origin. b. null. c. zero coordinate. d. center.
Which of the following equations correctly describes the U.S. balance of payments in 2017?
a. current account balance – financial account balance + statistical discrepancy = net balance
b. current account balance + financial account balance – statistical discrepancy = net balance
c. current account balance + financial account balance + statistical discrepancy = net balance
d. current account balance – financial account balance - statistical discrepancy = net balance
When demand is unit elastic, a 7 percent change in the price of the good
A) will cause a change in quantity demanded of less than 7 percent. B) will cause a change in quantity demanded equal to 7 percent. C) will cause a change in quantity demanded greater than 7 percent. D) will not cause any change in quantity demanded.
Use the table below to answer the following question.OutputTotal Cost0$10120228338453573698The marginal cost of producing 3 units of output is
A. $28. B. $0. C. $10. D. $38.