If the dollar appreciates relative to foreign currencies, then ________.
A. net exports of the U.S. will increase
B. U.S. goods will look cheaper to foreign buyers
C. foreign buyers will find U.S. goods become more expensive
D. foreign goods will look more expensive to U.S. buyers
Answer: C
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Suppose that inventories were $40 billion in 2007 and $50 billion in 2008. In 2008, accountants would:
a) add $10 billion to other elements of investment in calculating total investment. b) subtract $10 billion from other elements of investments in calculating total investment. c) add $45 billion (= $90/2) to other elements of investment in calculating total investment. d) subtract $45 billion (= $90/2) from other elements of investment in calculating total investment.
Tax incentives that encourage businesses to purchase more capital goods could result in a long run movement in Figure 17.4 from point
A. B to point C. B. C to point D. C. A to point C. D. E to point B.
The problem with adopting a normal profit pricing policy for a natural monopoly is that ________.
A. profits will be positive B. losses will be large and sustained C. it is not allocatively efficient D. it is allocatively efficient
The demand curve faced by a perfectly competitive firm is:
a. perfectly inelastic. b. relatively elastic. c. unit elastic. d. perfectly elastic. e. relatively inelastic.