When a government influences the exchange rate of its currency, it is said to be practicing "dirty floating."

Suppose you study abroad in England. When you purchase books and food, these transactions should really be recorded as

A) credits to the capital account and debits to the current account. B) debits to the capital account and credits to the current account. C) debits to the capital account and debits to the current account. D) credits to the capital account and credits to the current account.

A sandwich shop owner has the following information: P = MR = $4, ATC = $2, AVC = $1, MC = 4, and Q = 500 . From this, she can determine

a. her profits are not being maximized b. she has earned zero economic profits c. she has earned economic profits of $1,000 d. she has earned economic profits of $1,500 e. she should sell fewer sandwiches