Depreciation of the dollar refers to
A. Intervention in international money markets.
B. A fall in the dollar price of a foreign currency.
C. An increase in the price of foreign currency in terms of dollars.
D. A loss of foreign exchange reserves.
Answer: C
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Which of the following most likely includes unreported income from illegal sources?
a. underground economy b. nonmarket transactions c. externalities d. leisure
If the prices of the factors used to produce a good change, both the demand curve and the supply curve of the good will shift.
Answer the following statement true (T) or false (F)
The change in net benefits that arises from a one-unit change in quantity is the:
A. present value benefits. B. marginal net benefits. C. total net benefits. D. variable benefits.
Business managers are people who:
A. run businesses on a day-to-day basis. B. entertain the workers. C. engage exclusively in business travel. D. own the physical capital used in production.