A reduction in a country's money supply causes
A) its currency to depreciate in the foreign exchange market.
B) its currency to appreciate in the foreign exchange market.
C) does not affect its currency in the foreign market.
D) does affect its currency in the foreign market in an ambiguous manor.
E) affects other countries currency in the foreign market.
B
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Robinson spends all his income on mangos and bananas. Mangos cost $3 per pound. Robinson's marginal utility is 30 for the last pound of mangos purchased and 10 for the last pound of bananas
If Robinson maximizes his utility from consuming these goods, the price of bananas is A) $0.50 per pound. B) $1 per pound. C) $2 per pound. D) $3 per pound.
The biggest single factor affecting family income distribution is the
A) householder's age. B) householder's marital status. C) household size. D) householder's education.
Refer to Figure 4-15. What is the size of the per-unit tax?
A) $2 B) $5 C) $7 D) $12
Which of the following is the best example of complements?
a. milk and cheese b. coffee and tea c. CDs and DVDs d. hiking boots and athletic shoes e. film and film processing (developing)