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Title: On www.yodobashi.com, you can buy a Canon EOS camera for 298,000 yen. The same camera costs 2700 ... Post by: queeny on Feb 26, 2018 On www.yodobashi.com, you can buy a Canon EOS camera for 298,000 yen.
The same camera costs 2700 on www.calumetphoto.com. If the exchange rate is ________ yen per dollar, we can determine ________ for this camera. A) 92; interest rate parity doesn't occur B) 92; purchasing power parity occurs C) 110; interest rate parity occurs D) 110; purchasing power parity occurs Ques. 2 The figure above shows the market for milk. If the efficient quantity of milk is produced, the producer surplus is A) 100. B) 400. C) 200. D) 600. Ques. 3 If there is a collusive agreement in a duopoly to maximize profit, then the price will A) equal the marginal cost of production. B) equal the average total cost of production. C) be the same as the price set by a monopoly. D) be the same as the price set by a competitive industry. Ques. 4 Marginal social cost is equal to the A) sum of marginal private cost and marginal external cost. B) sum of marginal private cost and marginal private benefit. C) marginal cost incurred by the producer of the good. D) marginal cost imposed on others. Ques. 5 Because Product X has a very small, positive income elasticity of demand, it is likely that product X is a A) luxury. B) necessity. C) product with many good substitutes. D) product with many good complements. Ques. 6 The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. How much producer surplus is lost? A) 10,000 B) 20,000 C) 25,000 D) 40,000 Ques. 7 Use the figure above to answer this question. At a price level of 90 A) people will be forced to cut consumption so that aggregate demand will decrease. B) the aggregate quantity demanded exceeds real GDP and inventories will decrease. C) inventories increase and firms will increase production. D) the aggregate quantity demanded exceeds real GDP, inventories increase and the price level will rise. Ques. 8 Suppose that the nominal quantity of money is 200 billion and the value of nominal GDP is 1 trillion. It must be the case that A) the economy is suffering from inflation. B) the average price paid for a typical good is 5. C) there will be a shortage of money balances in the economy. D) the velocity of circulation is 5. Ques. 9 For a single-price monopolist that is maximizing profit, the price is A) less than marginal revenue. B) equal to marginal revenue. C) equal to marginal cost. D) greater than marginal cost. Ques. 10 In the figure above, which budget line results in the most real income in terms of compact discs? A) AD B) BD C) CD D) Real income is equal for all three budget lines. Ques. 11 In late 2010 the National Bank of Australia offered a 4 percent interest rate on a savings account while Bank of America offered 2 percent. This difference means that A) people expect the U.S. dollar to appreciate to 8 percent against the Australian dollar and interest rate parity to occur. B) there will be a surplus of U.S. dollars in the foreign exchange market. C) people expect the U.S. dollar to appreciate by 2 percent against the Australian dollar and interest rate parity to occur. D) there will be a shortage of Australian dollars in the foreign exchange markets. Title: On www.yodobashi.com, you can buy a Canon EOS camera for 298,000 yen. The same camera costs 2700 ... Post by: Kellivycital on Feb 26, 2018 Content hidden
Title: On www.yodobashi.com, you can buy a Canon EOS camera for 298,000 yen. The same camera costs 2700 ... Post by: queeny on Feb 26, 2018 Mind blown, I've bookmarked this site on told my friends
Title: On www.yodobashi.com, you can buy a Canon EOS camera for 298,000 yen. The same camera costs 2700 ... Post by: Kellivycital on Feb 26, 2018 Really appreciate that
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