The appreciation of the U.S. dollar relative to the British pound would make a vacation trip to:
A. The United States less expensive for the British
B. London less expensive for Americans
C. London more expensive for Americans
D. The United States of equal value for the British as a vacation trip to London for Americans
B. London less expensive for Americans
Economics
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Refer to the diagram. At output level Q total cost is:
A. 0BEQ.
B. BCDE.
C. 0BEQ + BCDE.
D. 0AFQ + BCDE.
Economics
The marginal propensity to consume (MPC) is related to the marginal propensity to save (MPS) by the formula MPC = 1 - MPS.
Answer the following statement true (T) or false (F)
Economics