If the dollar used to buy 100 yen and now buys 360 yen, there has been
A) appreciation of the dollar.
B) depreciation of the dollar.
C) appreciation of the yen.
D) an increase in special drawing rights.
Answer: A
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Which of the following antitrust laws forbade firms to engage in price discrimination if the effect would lessen competition or create a monopoly?
A) the Cellar-Kefauver Act B) the Clayton Act C) the Robinson-Patman Act D) the Sherman Act
The original Dow Jones Industrial Average (DJIA) contained ____________ stocks, while the DJIA now consists of ____________ stocks.
A. 10; 500 B. 11; 30 C. 15; 50 D. 20; 60
Suppose a soccer coach has been making $25,000 per year but gives up his coaching job in order to make lace doilies. If his revenue from the sale of these doilies is $50,000 and his materials cost $20,000 . then his economic profit is
a. $5,000 b. $25,000 c. $30,000 d. $50,000 e. $80,000
To decrease the nation's money supply, the Fed can:
A. decrease the reserve requirement. B. buy bonds. C. decrease the discount rate. D. increase the discount rate.