Which of the following is most likely to be a fixed cost for a business?
a. payment for raw materials used in manufacturing goods
b. interest payments on a loan used to finance the construction of a building
c. shipping charges for the delivery of products
d. wages paid to temporary workers
b
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As more of a good is consumed, the marginal benefit of the good
A) increases. B) decreases. C) remains constant. D) is unpredictable. E) first decreases and then increases.
Economic experience since 1973 indicate that, under floating exchange rates
A) large and persistent departures from external balance were not prevented. B) large and persistent departures from external balance were prevented. C) changes in exchange rates failed to act as automatic stabilizers. D) reduced monetary policy autonomy. E) monetary policy autonomy was protected.