If the Japanese buy more Cadillacs, they __________ more yen and __________ more dollars in the foreign exchange market
A) supply; supply
B) supply; demand
C) demand; supply
D) demand; demand
B
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On Thanksgiving, Jake's mother gives him a huge platter of food. If Jake were to keep eating just to please his mother (even when he really wanted to stop), his marginal utility would be:
a. the same as his total utility. b. large. c. minus one. d. positive. e. negative.
Price ceilings set a legal maximum price on a product or commodity
a. True b. False Indicate whether the statement is true or false
The source of hyperinflations is primarily
a. lower output growth. b. continuing declines in velocity. c. increases in money-supply growth. d. continuing increases in money demand.
Which of the following is a factor of production that generally is fixed in the short run?
A) raw materials B) labor C) a factory building D) water