Which of the following would NOT be a cause for an increased American demand for the Mexican peso?
A) The United States having lower interest rates than Mexico
B) Increased American demand for Mexican goods
C) The expectation by speculators that the value of the peso is edging up
D) More economic expansion in the United States
E) None of the above.
D
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After eating four slices of pizza, you are offered a fifth slice for free. You turn down the fifth slice. Your refusal indicates that the
A. marginal utility for four pizza slices is negative. B. marginal utility is positive for the fourth slice and negative for the fifth slice. C. marginal utility for the fourth slice is the largest among all slices. D. total utility for five pizza slices is negative.
Which of the following is NOT an advantage of a proprietorship?
A. Liability of the owner is unlimited. B. They are easy to form and dissolve. C. Profits are only taxed once. D. Decision-making resides with one person-the owner.