Which countries had double digit inflation rates for most of the first decade in the twenty- first century?
a. Nigeria, Turkey, Venezuela, Myanmar
b. Indonesia, Iran, Belarus, the Russian Federation
c. Nigeria, Indonesia, the Russian Federation, Turkey
d. Indonesia, Iran, Nigeria, the Russian Federation
d. Indonesia, Iran, Nigeria, the Russian Federation
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The demand for home computers has increased, yet the price has fallen. Explain this apparent paradox.
What will be an ideal response?
Your U.S.-based company is selling parts to a company in Bangladesh. If the Bangladeshi company purchases a futures contract
A) the Bangladeshi company bears the exchange rate risk. B) your company bears the exchange rate risk. C) the companies share in the exchange rate risk. D) there is no exchange rate risk.
In the problem of double marginalization, the resulting price is ______than if the manufacturer and the retailer were to merge
a. Higher b. Lower c. The same d. None of the above
Have you ever gone to an auction? You see people bidding against each other for a good, such as an oil painting. As the bidding price inches upward, people drop out of the bidding process. Why? Because for the people dropping out, the
a. ratio of marginal utility to price of the good increases beyond the ratio of other goods b. marginal utility per dollar of the good increases beyond the marginal utility per dollar of other goods c. marginal utility per dollar of the good decreases below the marginal utility per dollar of other goods d. marginal utility of the good falls to zero e. ratio of marginal utility to price of the good falls to zero