Opportunities for arbitrage in the foreign exchange markets throughout the world are:
A. plentiful, particularly in developing nations.
B. plentiful, particularly in markets trading in U.S. dollars.
C. fleeting, because technology today allows quick trading that eliminate them quickly.
D. fleeting, because most governments ‘peg' or fix their currency's value to another's.
C. fleeting, because technology today allows quick trading that eliminate them quickly.
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A sales tax on sellers of a good shifts the demand curve leftward because the tax raises the price that consumers must pay
Indicate whether the statement is true or false
Three firms agree to operate as a monopoly and charge the monopoly price of $80 for their product and (jointly) produce the monopoly quantity of 5,000 units. If the competitive price for the product is $40, under the Clayton Act these three firms face treble damages of ________.
A) $3,000,000 B) $1,000,000 C) $200,000 D) $600,000
Deepening human capital involves
a. increasing the number of workers. b. increasing the number of machines per worker. c. increasing the levels of education per worker. d. using more machines than workers.
Which of the following is NOT correct?
A.) The Hawai'ian island chain will subduct in approximately 40 my. B.) The newest Hawai'ian island, Lo'ihi, should reach the surface in around 10,000 years. C.) Measured from the seafloor to its summit, Mauna Kea is the tallest mountain on Earth. D.) The formation of the island of Hawaii took less than 1 my.