A currency bailout
A. Is considered to be a dangerous move by the central banks of the strongest economies worldwide.
B. Occurs when money is borrowed from an economy to increase the value of its currency.
C. Is considered to be a dangerous move by the International Monetary Fund.
D. Can help avoid a situation in which a weakness in one currency undermines other currencies.
Answer: D
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Myron worked at a factory where he earned $20,000 per year. He quit his job and opened a bumper sticker business. After one year, his business earned $60,000 in sales revenue and he incurred $30,000 in direct business expenses. If he received no salary from the new business, what is his accounting profit?
a. $10,000 b. $20,000 c. $40,000 d. $30,000 e. $60,000
How does a decrease in government spending affect the aggregate expenditure line
What will be an ideal response?
Pollution is an example of a source of a market failure.
Answer the following statement true (T) or false (F)
The above table depicts output from a firm that manufactures computers. The computers sell for $1,000 each. What is the marginal revenue product (MRP) for the fourteenth worker per week?
A. 80 units B. $70,000 C. $60,000 D. 90 units