Which of the following would lead to a leftward shift in the supply curve for Czech kroner?
a. A decrease in the dollar-krona exchange rate
b. An increase in the Czech Republic's GDP relative to U.S. GDP
c. Expectation that the dollar price of the krona will rise
d. Stronger Czech interest in U.S. audio CDs
e. An increase in the U.S. interest rate relative to the Czech interest rate.
C
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The value of output was $100 billion in Northland and $200 billion in Southland. The population of Northland was 50 million and the population of Southland was 30 million. There were 30 million employed workers in Northland and 20 million employed workers in Southland.
A. Southland; higher in Southland B. Southland; the same in both countries C. Northland; higher in Northland D. Northland; the same in both countries
Which of the following wars consumed almost half of the United States' total output?
A. the Civil War B. World War I C. World War II D. the Vietnam War
Refer to the scenario above. Which of the following is true of the demand curve of the product in the price range of $4 to $5?
A) The demand curve is elastic. B) The demand curve is inelastic. C) The demand curve is horizontal. D) The demand curve is upward sloping.
One type of regulatory practice common for public utilities is setting a price for consumers based on the average cost of production plus the normal rate of profit expected; this is known as what kind of regulation?
a. Cost-plus regulation b. Price cap regulation c. Bundling regulation d. Antitrust regulation