An appreciation is
A) a decrease in the trade deficit. B) a decrease in the value of currency.
C) an increase in the trade surplus. D) an increase in the value of currency.
D
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Which of the following best explains why the monopolist's marginal revenue is less than the selling price?
a. To sell more units, the monopolist must reduce price on all units sold. b. As the monopolist expands output, the average total cost will decline. c. The monopolist charges each consumer the highest possible price. d. When a firm has a monopoly, consumers have no choice other than to pay the price set by the monopolist.
The Bureau of Labor Statistics divides the adult population into two categories: those who are employed and those who are unemployed
a. True b. False Indicate whether the statement is true or false