An increase in the demand for American-made goods will
A) decrease the supply of dollars on the foreign exchange market.
B) decrease the demand for dollars on the foreign exchange market.
C) increase the demand for dollars on the foreign exchange market.
D) increase the supply of dollars on the foreign exchange market.
C
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In the foreign exchange market, U.S. residents wishing to purchase foreign exports or foreign real and financial assets must:
A) demand U.S. dollars by supplying foreign currency. B) demand U.S. dollars by supplying U.S. dollars. C) supply U.S. dollars by demanding foreign currency. D) none of the above.
Refer to the accompanying figure. It is efficient for this farmer to:
A. grow 1,000 bushels of wheat and 500 bushels of corn. B. grow 250 bushels of wheat and 500 bushels of corn. C. grow 500 bushels of wheat and 250 bushels of corn. D. grow 500 bushels of wheat and 500 bushels of corn.
For DVC per capita incomes to rise, birth rates must first be reduced. This statement describes the:
A. human capital view of population growth. B. traditional view of population growth. C. capricious universe view. D. demographic transition view of population growth.
Unemployment that occurs when there are not enough jobs for the number of people in the labor force is referred to as:
A. Frictional unemployment. B. Structural unemployment. C. Cyclical unemployment. D. Seasonal unemployment.