If the U.S. real exchange rate increases, U.S. exports will ________ and U.S. imports will ________
A) fall; rise B) rise; rise C) rise; fall D) fall; fall
A
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________ would gain from expanded immigration
A) Domestic labor B) Domestic capital C) Both domestic labor and capital D) Neither domestic labor nor capital
Setting price equal to marginal cost in a natural monopoly will lead to
a. excess profits for the firm. b. losses for the firm. c. zero profits for the firm. d. One cannot tell without further information.
The slope of the demand curve conveys all the useful information about elasticity
a. True b. False Indicate whether the statement is true or false
The expected rate of return from an investment is:
A. Only the rate that compensates for time preference B. Only the rate that compensates for risk C. The rate that compensates for time preference plus the rate that compensates for risk D. The rate that compensates for time preference minus the rate that compensates for risk