Suppose Thelma and Louise both sell fried green tomatoes in a competitive price-taker market. If Louise increases her output,
a. Thelma must reduce output
b. the price Thelma can charge falls
c. the price Thelma can charge rises
d. the price Thelma can charge is unaffected
e. Thelma's profits must fall
D
Economics
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In Figure 4-4 above, if the interest rate falls from 10% to 7.5% and this causes businesses to become more optimistic about future investment conditions, we would observe that planned investment would
A) decrease from B to C to D. B) increase from B to C to D. C) increase from B to C to F. D) decrease from B to C to F.
Economics
In effect, during the period immediately following World War II, the world was on a(n):
a. gold standard. b. flexible-exchange-rate standard. c. U.S. dollar standard. d. exchange-rate standard dictated by Germany e. pegged-exchange rate standard.
Economics