Suppose a British camera has a price of 200 British pounds. To a United States camera importer, its price rises from $360 to $380. This might happen when the dollar ________________ against the British pound, which means the British pound has a __________ dollar price
A) depreciates; higher
B) depreciates; lower
C) appreciates; higher
D) appreciates; lower
A
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Decentralized decisionmaking is very controversial in a corporate environment. Central office managers feel like they are losing control of managers in specific plants or regional offices. What are some of the issues that must be reviewed before making the final decision on where to place final decision-making power?
What will be an ideal response?
A firm's marginal product of capital is twice its marginal product of labor; the price of labor is $6, and the price of capital is $3. Is the firm minimizing cost? If not, how can it reduce its cost? Explain.
What will be an ideal response?
Angelina, age seven, decides to dress up like Princess Fiona for Halloween. What is the opportunity cost of her decision?
A) the cost of the costume B) zero, because seven-year-olds don't have opportunity costs C) the fact that she can't dress up like Dora the Explorer, her second choice D) the cost of the Lady Gaga costume which she did not want
The Federal Reserve Bank of 1914 permitted the Fed to compete with banks for profits
Indicate whether the statement is true or false