When the Swiss franc appreciates relative to the dollar
A. it becomes less expensive in terms of the dollar.
B. it takes fewer dollars to buy a Swiss franc.
C. it takes more dollars to buy a Swiss franc.
D. None of these statements are true.
C. it takes more dollars to buy a Swiss franc.
Economics
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A firm experiences ________ when its ________ downward as output increases
A) diseconomies of scale; average total cost curve slopes B) economies of scale; long-run average cost curve slopes C) diminishing marginal returns; long-run average cost curve slopes D) diminishing marginal returns; average total cost curve shifts
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If an increase in income leads to in an increase in the demand for peanut butter, then peanut butter is
A) a neutral good. B) a necessity. C) a normal good. D) a complement.
Economics