Because deadlines are frequently missed, budgets typically run from year to year based on _____
a. continuing resolutions
b. budget resolutions
c. congressional suggestions
d. the suggestions of the President
e. the suggestions of the President's Council of Economic Advisers
a
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Last year the exchange rate between U.S. dollars and Mexican pesos was 10 pesos per dollar. Today is it 11 pesos per dollar. Here, the dollar ________ against the peso, and the peso ________ against the dollar
A) appreciated; depreciated B) depreciated; appreciated C) appreciated; appreciated D) depreciated; depreciated
Answer the following questions true (T) or false (F)
1. Perfectly competitive industries tend to produce low-priced, low-technology products. 2. The market demand curve in a perfectly competitive market is downward sloping. 3. An increase in a firm's fixed cost will not change the firm's profit-maximizing output in the short run.