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When U.S. assets are more attractive to foreign investors the demand for for dollars?
Increases and the dollar value of foreign currency falls.
A decrease in the US demand for foreign assets would be expected to decrease the:
demand for foreign currency and a decrease in the equilibrium value of foreign current
An increase in the number of American taking vacations in Mexico would be expected to increase the value of the peso.
Which of the following is and example of a short-run decision?
An auto mobile manufacturing company is considering whether or not to expand its existing workforce
Which of the following is an example of a long-run decision?
An automobile manufacturing company is considering whether or not to invest in robotic equipment to develop a more cost effective production technique
The minimum point of the average variable cost curve is reached at the output level at which:
average product is maximized
When average total cost is rising, the marginal cost curve must be above the average total cost curve
The vertical distance between the average total cost and average variable costs curves falls as output rises
The U shape of the average total cost curve reflects the fact that:
average productivity rises and then falls
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