Figure 10-2



At which point in is the economy experiencing an economic recession?

a.

J

b.

I

c.

F

d.

H

b

Economics

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A fixed exchange rate system crisis may be accompanied or followed by

A) unexpected gains of international reserves. B) revaluation of a currency. C) devaluation of a currency. D) gains in comparative advantage. E) deflationary pressures within the country.

Economics

If variable cost rises from $60 to $100 as output increases from 15 to 20 units, the marginal cost of the twentieth unit

a. is $100 b. is $5 c. is $40 d. is $8 e. cannot be determined without total cost

Economics