A fixed resource is one that
A. cannot be varied in the short run.
B. is physically tied to a specific location.
C. costs more than the average daily revenue of the firm.
D. can be disposed of only if the firm goes out of business.
Answer: A
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If the U.S. government wants to increase the price of the dollar relative to the euro, it could buy euros with dollars in the foreign exchange market
Indicate whether the statement is true or false
Of the following high-income countries, which has the highest obesity rate?
A) Canada B) Japan C) the United Kingdom D) the United States
In the early 2000s, Chinese officials indicted members of a forgery syndicate that sold several hundred diplomas to high school graduates who needed the diplomas to take employment tests. This situation, where having the certificate of knowledge is more important than the knowledge itself, is known as:
A. the brain drain. B. human capital. C. certification. D. credentialism.
An aggregate demand curve
A. shifts to the right when a non-price level change increases total planned real expenditures. B. shifts to the right when a non-price level change decreases total planned real expenditures. C. does not shift to the right or to the left. D. shifts to the right when the price level falls.