Britain's departure from the gold standard in September 1931 ____ bank closures in the United States because ____
a. decreased, the British decided to invest their gold in the U.S
b. increased, anyone who wanted gold had to withdraw it from U.S. banks
c. decreased, Britain could now follow expansionary monetary policies at home
d. increased, people realized that the United States was about to "bail out" Britain with large loans
b. increased, anyone who wanted gold had to withdraw it from U.S. banks.
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For the single-price monopoly, marginal revenue is
a. more important than marginal cost b. always more than marginal cost c. always less than average cost d. always less than the price of output e. more significant than total revenue
If the price of film increases, the demand for film processing would decrease; moreover, the equilibrium price and quantity of film processing should also decrease
a. True b. False