A sign that Country A is under pressure to appreciate its currency is its:
a. Overall balance is in surplus.
b. Financial account is in surplus.
c. Overall balance is in deficit.
d. Reserves account is in surplus (i.e., positive).
e. All of the above.
.A
Economics
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If a profit-maximizing firm finds that, at its current level of production, MR > MC, it will
A) earn greater profits than if MR = MC. B) increase output. C) decrease output. D) shut down.
Economics
A perfectly competitive steel mill that produces large amounts of a pollution (a negative externality) will, from a social point of view, produce:
a. too little steel. b. the socially optimal quantity of steel. c. too much steel. d. too much steel only if it installs pollution control equipment.
Economics