If a firm's sales are $6 million, its fixed costs are $7 million, and its variable costs are $4 million, what does it do in the (a) short run and (b) long run?
What will be an ideal response?
(a) operate; (b) go out of business.
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Which of the following statements is true?
A) An overvalued domestic currency encourages exports. B) A country can keep its currency overvalued against the dollar as long as its dollar reserves last. C) A country can keep its currency overvalued against the dollar as long as it can print its own currency. D) An undervalued domestic currency encourages imports.
What are pecuniary externalities? Explain with the help of an example
What will be an ideal response?
Which of the following macroeconomic variables is the most seasonally procyclical?
A) Expenditure on services B) The unemployment rate C) Expenditure on durable goods D) The real wage
The government program that provides aid to families in need is
A) TANF. B) Social Security program. C) Supplemental Security Income program. D) Earned Income Tax Credit.