Goods produced in the U.S. are made more competitively priced when
a. the dollar appreciates.
b. the dollar depreciates.
c. the exchange rate is fixed.
d. the money supply is decreased.
B
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The figure illustrates the demand for magazines. Newsagents will maximize their total revenue when they ________
A) sell 375 magazines a day B) sell as many magazines as they can C) charge $2.50 a magazine D) sell 750 magazines a day
What type of consumer goods are most affected by the business cycle: durable goods or nondurable goods? Why?
What will be an ideal response?
The equilibrium price and quantity in a free market usually reflect private marginal costs and benefits, not social ones
a. True b. False
If the demand curve is a horizontal line,
a. demand is perfectly elastic b. demand is perfectly inelastic c. demand is unitary elastic d. demand is relatively inelastic e. total expenditure is maximized