In which of the following examples cited in the text is there the least amount of evidence of the potential for input substitution?
A) Automobile production.
B) Pipe organ production.
C) French fry production.
D) Production of health care services.
B
Economics
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Suppose a U.S. importer purchases "Mexican Oaxaca" cheese for $500 . If the present exchange rate is Mexican peso (MXP) 10 per U.S. dollar, and the MXP appreciates 10 percent against the U.S. dollar between the date of purchase and the date of payment, then the peso value of the invoice when payment is due is:
a. MXP 500. b. MXP 550. c. MXP 4,500. d. MXP 5,500. e. MXP 4,450.
Economics
The statement that a monopoly raises the price of its product is an example of positive economics
Indicate whether the statement is true or false
Economics