Some monopolistically competitive firms differentiate their products simply by opening a new store at a different location.
Answer the following statement true (T) or false (F)
True
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Last week, six Swedish kronor could purchase one U.S. dollar. This week, it takes eight Swedish kronor to purchase one U.S. dollar. This change in the value of the dollar will ________ exports from the United States to Sweden and ________ U.S
aggregate demand. A) increase; increase B) decrease; increase C) increase; decrease D) decrease; decrease
A rational person:
A. makes choices based on total benefits and total costs. B. undertakes activities until the net benefits become less than zero. C. considers the financial benefits and financial costs of making a choice. D. makes choices based on added benefits and added costs.
Over the past fifty years, the proportion of women in the workforce has ______.
a. increased dramatically b. increased slightly c. remained steady d. decreased slightly
If a consumer is at an optimum, consuming X and Y, and the price of Y decreases, then to get to a new equilibrium the consumer must
A) purchase less X. B) purchase less Y. C) purchase more X. D) purchase more of both X and Y.