Suppose that equilibrium in the dollar-pound market occurs where 300 million pounds are demanded at a price of $1.65 per pound. If the current exchange rate is $1.80 per pound, there is will be a(n)
a. rightward movement along the supply of British pounds curve
b. leftward movement along the supply of British pounds curve
c. rightward shift of the supply of British pounds curve
d. leftward shift of the supply of British pounds curve
e. increase in the exchange rate
B
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The labor force consists of
A) the number of people who unemployed and who are actively seeking work. B) the number of people who are employed. C) the number of people who are employed minus the number of the people who are unemployed. D) all people in the population aged 16 and over who are not in jail, a hospital, or an institution or in the U.S. Armed Forces. E) the number of people in the working-age population who are employed or unemployed.
If a monopolist engages in price discrimination, it is with the goal of:
a. improving goodwill with the public. b. increasing profit. c. lowering cost. d. making the demand for its good less elastic.