In 2011, a dollar could be traded for 100 yen and in 2012 a dollar could be traded for 90 yen. Between these two years, the dollar has become ________ valuable and so the dollar has ________

A) more; appreciated against the yen
B) less; depreciated against the yen
C) more; appreciated against the dollar
D) less; appreciated against the yen
E) more; depreciated against the yen

B

Economics

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In the figure above, if the government gives a voucher equal to $3,000 per year to each college student, how many students will be accepted?

A) 8 million per year B) 12 million per year C) 10 million per year D) 14 million per year

Economics

Imagine that you are an entrepreneur, making designer t-shirts in your garage. Your total cost (in dollars) is given by the equation TC = 300 + 10Q, where Q represents the number of t-shirts you make. Your fixed cost is $________, and your marginal cost is $________.

A. 300; Q30 B. 300; Q10 C. 300; 10Q D. 300; 10

Economics