If a firm wants to sell bonds in Tokyo to denominated in U.S. dollars
A) they would be selling a form of Eurobonds.
B) they would have to sell the bonds in dollars first.
C) the bonds could only be sold if the firm opened a Eurocurrency account first.
D) their profits would have to be converted to yen.
A
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Residential investment did NOT decline in the recession which began in
A) 1973. B) 1981. C) 1990. D) 2001.
Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at $0.20 per pound when 500 pounds are grown. If the long-run supply curve is horizontal, then
A) some firms will enjoy long-run profits because they operate at minimum average cost. B) the long-run price will be $0.20 per pound. C) each consumer will purchase $100 worth of potatoes. D) the long-run price will be set just above $0.20 per pound.