Yesterday, the dollar was trading in the foreign exchange market at 1.10 euros per dollar. Today, the dollar is trading at 1.05 euros per dollar. The dollar has ________ and a possible reason for the change is ________ in the U.S. interest rate
A) depreciated; a decrease
B) appreciated; a decrease
C) depreciated; because there has been no change
D) appreciated; an increase
E) depreciated; an increase
A
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How do a partnership and a corporation differ?
A) Corporations face more taxes than do partnerships. B) Corporations can issue stocks and bonds, while partnerships cannot. C) Partnerships have unlimited liability while corporations have limited liability. D) All of these are differences between the two types of businesses.
According to the graph shown, if a firm is producing at Q2, and it is identical to others in the market:
A. profits are not being maximized. B. firms will enter this market. C. economic profits are zero. D. firms will leave this market.
Plato and Aristotle both believed that an uneven distribution of income
a. is desirable since it encourages people to work b. creates natural class distinctions c. results in higher rates of economic growth d. leads to political discontent e. is acceptable as long as no one ends up in poverty
The presidents most closely associated with the Great Depression were __________ and ____________.
Fill in the blank(s) with the appropriate word(s).