Referring to Figure 19.1, Mexican goods will become cheaper in the United States if the exchange rate goes from ________ to ________ pesos to the dollar
A) 13; 11 B) 13; 10 C) 12; 11 D) 12; 13
D
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Federal antitrust laws in the United States are intended to
A) promote competition by prohibiting monopolies. B) increase corporate earnings. C) create new monopolies. D) create only government-owned monopolies.
Buying shares of corporate stock tends to be more risky when
a. the stock of a single corporation is purchased. b. the stock may have to be sold within a few months. c. all stocks bought are in the same industry. d. all of the above are true.
If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.
Hours of OperationMarginal Cost16212318424530636742
Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Krystal staying open 5 hours and her marginal benefit of staying open per hour is $36. If she is following the marginal principle, Krystal should:
A. stay open 1 more hour. B. stay open 2 more hours. C. stay open 1 fewer hour. D. stay open 2 fewer hours.