The rationale for exchange rates determining AD is with
A. weaker dollar exports, AD will rise.
B. stronger dollar exports, AD will rise
C. stronger dollar imports, AD will rise.
D. weaker dollar imports, AD will rise.
Answer: D
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The price of apples is currently $1 per pound. If apples are sold in a competitive market and the price of apples increases to $2 per pound, the marginal revenue product (MRP) of labor used to produce apples would
A. double. B. change in a manner that cannot be determined without additional information. C. be cut in half. D. not change.
Does the quantity theory correctly predict the effects of money growth on inflation?
What will be an ideal response?
In cost of capital calculations, the flotation cost on new debt is usually ignored because the flotation cost percentage for large debt issues is relatively low
a. true b. false
Through collective bargaining,
a. representatives of an employer negotiate with the rank and file of the union membership b. union and nonunion members combine forces in negotiation c. craft and industrial unions combine forces in negotiation d. contracts are worked out between representatives of the union and employer representatives e. union workers must accept contracts negotiated by their representatives