What best describes the relationship between England and the US?
a. Throughout US history Britain has been one of the leading sources of immigrants.
b. During most of the colonial period it provided relatively little monitoring of colonial actions.
c. England often fought the Portuguese to protect its holding in colonial America.
d. Until the Civil War, England was the primary source for American manufactured goods.
b. During most of the colonial period it provided relatively little monitoring of colonial actions.
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In order to be able to price discriminate and maximize profit, a monopolist must be able to do all of the following EXCEPT
A) identify and separate different buyer types. B) sell a product that cannot be resold. C) identify competitors. D) determine the output where marginal revenue equals marginal cost.
Suppose the Fed purchases Treasury securities. Interest rates in the United States will ________ and the U.S. dollar will ________ against foreign currencies
A) decrease; appreciate B) increase; depreciate C) decrease; depreciate D) increase; appreciate