Depreciation of the dollar will:
A. increase the prices of U.S. imports but decrease the prices of U.S. exports.
B. decrease the prices of U.S. imports but increase the prices of U.S. exports.
C. increase the prices of both U.S. imports and exports.
D. decrease the prices of both U.S. imports and exports.
A. increase the prices of U.S. imports but decrease the prices of U.S. exports.
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The Hirschman-Herfindahl index (HHI) in an industry is 50. A merger is proposed that will raise the HHI to 100. In this case, the
A) Sherman Act will prohibit the merger. B) Federal Trade Commission will challenge the merger. C) Federal Trade Commission will not challenge the merger. D) rule of reason will prevent the merger if it represents a horizontal merger.
The introduction of ATM machines allowed financial institutions to handle more transactions at less cost, thus decreasing the demand for human tellers. The best explanation for this change is that the:
A. Marginal product of ATMs was equal to its price B. Marginal product of human tellers was equal to its price C. Marginal product of human tellers divided by its price was greater than that for ATMs D. Marginal product of ATMs divided by its price was greater than that for human tellers