By fixing the mint price of gold among commercial nations under the Gold Standard, the exchange rate risk falls significantly, thus encouraging trade
Indicate whether the statement is true or false
True
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The long-run equilibrium for a monopolistically competitive firm occurs ________
A) at the minimum point of the marginal cost curve B) at the minimum point of the average cost curve C) along the downward sloping portion of its average total cost curve D) along the upward sloping portion of its average total cost curve
If the equilibrium exchange rate is 15 pesos per dollar and the central bank fixes the exchange rate at 17 pesos per dollar then we can conclude that the peso is
(a) appreciated. (b) depreciated. (c) overvalued. (d) undervalued.
Which of the following statements is NOT consistent with new growth theorists' beliefs?
A) Innovation can lead to lower productivity costs. B) Inventions are much more important than innovation. C) Technology must be understood in terms of what drives it. D) Rewards lead to technological advances.
A merit good is just another name for a public good
Indicate whether the statement is true or false