How does a decrease in value of a country's currency relative to other currencies affect its balance of trade?
A) A decrease in value of a country's currency relative to other currencies reduces imports, raises exports, and increases the balance of trade.
B) A decrease in value of a country's currency relative to other currencies raises imports, reduces exports, and increases the balance of trade.
C) A decrease in value of a country's currency relative to other currencies raises imports, reduces exports, and reduces the balance of trade.
D) A decrease in value of a country's currency relative to other currencies reduces imports, raises exports, and reduces the balance of trade.
A
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For a monopolist, the reason that marginal revenue is less than price is
A) because of the perfectly elastic demand curve that the monopolist faces. B) because the monopolist must lower the price of the good in order to sell an additional unit. C) because of the U-shaped average revenue curve. D) because of the lack of competition in the market.
Between 1958 and 2000 . competition in the US has remained relatively constant
a. True b. False