Unlike most of sub-Saharan Africa in the nineteenth century, South Africa was __________.
Answer: Heavily settled by Europeans
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As the dollar price of a foreign currency (for example, dollars per yen) decreases, foreign goods will be __________ expensive, __________ foreign goods will be purchased, and __________ foreign currency will be demanded
A) less; more; more B) less; more; less C) more; fewer; less D) more; fewer; more
Which of the following examples would most likely use advertising?
a. A firm sells a product with low differentiation. b. A firm sells a homogeneous product. c. A firm sells a product with many substitutes. d. A firm sells a product with few substitutes.
The classical theory of inflation illustrates the relationship among:
A. savings, investment, and the interest rate. B. money supply, savings, and investment. C. money supply, output, and the overall level of prices. D. spending, saving, and the overall price level.
Recall the Application about the benefits generated when one country gathers information on global weather to answer the following question(s).Recall the Application. Weather monitoring is:
A. a public good. B. a private good. C. impossible because it requires international cooperation. D. efficiently provided by private markets because it is profitable.