If the dollar rises against the euro, the dollar buys ________ euros, the euro ________ and the dollar ________
A) more; depreciates; appreciates
B) more; appreciates; depreciates
C) less; appreciates; depreciates
D) more; depreciates; depreciates
E) less, depreciates; appreciates
A
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You view tea and scones as perfect complements, and you prefer to consumer one cup of tea with one scone. Also, your indifference curves are plotted with tea on the vertical axis
If you presently have two cups of tea and one scone, what this the marginal rate of substitution (MRS) at this point? A) +1 B) -1 C) Zero D) Infinity
Normally, to the extent that a governmental control mechanism succeeds in affecting price, it can be expected to lead to a corresponding
a. reduction in the volume of sales only if the price is forced down. b. reduction in the volume of sales if the price is forced down and an increase in the volume of sales if the price is forced up. c. decrease in the volume of sales whether the price is forced up or down. d. increase in the volume of sales whether the price is forced up or down.
Measured as a share of the labor force, union membership was at its highest level in the United States during the
a. 1930s b. 1950s c. 1970s d. 1990s
Indifference curves illustrate
a. a firm's profits. b. a consumer's budget. c. a consumer's preferences. d. the prices of two goods.