If a panic causes Indian depositors to withdraw their money from Japanese banks, it would cause the Japanese Yen to ___________, since the supply of Yen has increased
a. Appreciate
b. Depreciate
c. Not change in value
d. None of the above
b
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Recall the Application. If country A has a lower overall income tax rate than country B, and labor can freely and easily move between the two countries, real wages in country A will tend to ________ and employment in country A will tend to ________
A) increase; increase B) decrease; decrease C) increase; decrease D) decrease; increase
A third-party payment is
A. made by three people. B. a payment that requires three signatures. C. is made by someone other than the consumer. D. is not used in the U.S. health system.
Figure 4-8
Women today are having more babies than women did fifteen years ago. The result is that mothers today have trouble finding baby-sitters and are shocked at what they must pay for child care. Which graph in Figure 4-8 best illustrates how the situation has changed?
a.
1
b.
2
c.
3
d.
4
Refer to the below payoff matrix. Assume that firm B adopts a low-price strategy while firm A maintains a high-price strategy. Compared to the results from a high-price strategy for both firms, firm B will now:
Answer the question based on the following payoff matrix for a duopoly in which the numbers indicate the profit in millions of dollars for each firm:
A. Lose $75 million in profit and firm A will gain $50 million in profit
B. Gain $50 million in profit and firm A will lose $50 million in profit
C. Gain $75 million in profit and firm A will lose $50 million in profit
D. Gain $50 million in profit and firm A will lose $75 million in profit