Between the summer of 2005 and April 2008, the Chinese yuan ___ against the U.S. dollar
A. appreciated by 5%
B. appreciated by 21%
C. depreciated by 5%
D. depreciated by 20%
B. appreciated by 21%
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The above figure shows the U.S. market for replacement cell phone batteries. With free international trade, the United States
A) exports 300,000 batteries. B) imports 500,000 batteries. C) imports 400,000 batteries. D) exports 700,000 batteries. E) imports 800,000 batteries.
If a perfectly competitive industry were taken over by a monopoly, the monopoly would usually produce more output and charge a higher price
a. True b. False
Entrepreneurs are
a. profit-seeking decision makers who decide which business projects to undertake. b. people who loan money to other business decision makers. c. managers who generally work for a salary because they are unwilling to take risks. d. none of the above.
QE2 was an effort to revive the economy in 2010 and 2011. It relied on
A. new tools of monetary policy. B. discretionary fiscal policy. C. the traditional tools of monetary policy. D. all of the options are correct.