For a large firm that produces and sells automobiles, which of the following costs would be a variable cost?
a. the $20 million payment that the firm pays each year for accounting services
b. the cost of the steel that is used in producing automobiles
c. the rent that the firm pays for office space in a suburb of St. Louis
d. All of the above are correct.
b
Economics
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The curve that shows the relationship between net exports and the real exchange rate is:
A) upward sloping. B) horizontal. C) downward sloping. D) vertical.
Economics
Which of the following is a permanent member of the Federal Open Market Committee?
A) President of the New York Federal Reserve Bank B) President of the Washington, D.C. Federal Reserve Bank C) Comptroller of the Currency D) Secretary of the Treasury
Economics