The ________ the exchange rate, the ________ are foreign-produced goods and hence the greater the quantity of dollars supplied
A) higher; cheaper
B) lower; cheaper
C) higher; more expensive
D) lower; more expensive
A
Economics
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In which market structure are there a small number of firms competing?
A) only monopoly B) only oligopoly C) perfect competition D) monopolistic competition E) either monopoly or oligopoly
Economics
Given the information in Scenario 4.3, suppose that the price of erasers increases slightly from $10. How will this affect the total revenue collected by the firm?
A) Total revenue will increase. B) Total revenue will not change. C) Total revenue will decrease. D) There will be an indeterminate change in total revenue.
Economics