Which of the following people is most likely to demand U.S. dollars in the foreign exchange market?
a. A United States resident who is traveling to the Greek Islands
b. An American investor who intends to buy Japanese government bonds
c. A resident of Australia who is traveling to Belgium
d. A British importer of U.S. beef
e. A U.S. company that is importing avocados from Mexico
d
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A case study of Japanese auto imports during the 1980s focuses on an agreement between Japan and the United States to undertake:
a. a coordinated effort to improve gas mileage. b. a study of wage concessions by Japanese carmakers in the United States. c. a review of unionization and employee benefits in both nations. d. a voluntary export restraint.
The cost to a firm of producing one more unit of output
A) usually exceeds the firm's price. B) is significantly less than the firm's price for purely competitive firms operating in long-run equilibrium. C) usually equals the firm's price for monopolistically competitive firms. D) is the firm's marginal cost.