If the Fed sells U.S. dollars, the exchange rate
A) rises.
B) does not change.
C) falls.
D) changes, but the direction depends on whether the Fed affected the demand for dollars or the supply of dollars.
C
Economics
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Consider a firm that produces 500,00 . units per year. The firm's fixed costs are $100,000 . marginal costs are $250 and the price per unit is $400 . In the long-run, how low can price go before it is profitable to shut down?
a. $150 b. $250 c. $250.20 d. $400
Economics
In a market economy the relationship between making a lot of money and providing services that are highly valued by others is
A) negative. B) random. C) controlled by the government. D) positive.
Economics