In 2014, global revenue for IBM was $2 billion lower when measured in dollars than when measured in local currencies. The reason for this discrepancy is the value of the
A) euro decreased relative to the British pound.
B) U.S. dollar decreased relative to the Japanese yen.
C) British pound increased relative to the U.S. dollar.
D) U.S. dollar increased relative to most other currencies.
D
Economics
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Acme is a perfectly competitive firm. It has the total cost schedule given in the above table. Acme's product sells for $8.00 per unit. What amount of output is the most profitable and what is Acme's economic profit or economic loss?
What will be an ideal response?
Economics
Labor productivity depends on the
a. the effectiveness of government b. the size of the economy c. the proportion of the labor force that is unionized d. the amount of capital e. All of the answers are correct
Economics