As the interest rate increases, ceteris paribus, the trade-off between present and future consumption
A. Encourages less saving.
B. Makes it more appealing to sacrifice current consumption.
C. Is not affected.
D. Makes it less appealing to sacrifice present consumption.
Answer: B
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If US consumers want to buy Chinese goods, they will
a. Buy Yuan and sell US Dollars b. Sell Yuan and buy US Dollars c. Neither buy nor sell Yuan d. Neither buy nor sell dollars
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a. True b. False Indicate whether the statement is true or false
Cars produced by General Motors in Mexico would be included in U.S. Gross Domestic Product
a. True b. False Indicate whether the statement is true or false