Bank deposits denominated in Mexican pesos are an example of foreign exchange
a. True
b. False
A
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Which of the following measures is used by the Justice Department to evaluate the competitive effects of proposed mergers?
A) The Lerner Index. B) The eight-firm concentration ratio for an industry. C) The four-firm concentration ratio for an industry. D) The Herfindahl-Hirschman Index.
In the classical model, what happens to the level of real GDP if aggregate demand increases?
A) Real GDP increases. B) Real GDP decreases. C) Real GDP would increase at first, then decrease. D) Real GDP would remain the same, at equilibrium.
The consumer faces a budget constraint because the market price of X is $3, the market price of Y is $3, and the consumer's budget is $90. In order for this consumer to choose the corner solution at point E, which of the following must occur?
A. price of Y must rise to $6. B. price of X must rise to $6. C. price of Y must rise to $9. D. price of X must rise to $9.
Which of the following is the most likely explanation for why Mexican immigrants earn 46% less than native workers while Canadian immigrants earn 36% more than native workers in the United States?
A. The immigrant flow is negative from both countries, but there are fewer Canadian immigrants than there are Mexican immigrants. B. The immigrant flow is negative from both countries, but there are more Canadian immigrants than there are Mexican immigrants. C. The immigrant flow is positively selected from Mexico but negatively selected from Canada. D. The immigrant flow is positive from both countries, but there are fewer Canadian immigrants than there are Mexican immigrants. E. The immigrant flow is negatively selected from Mexico but positively selected from Canada.