If the people thought that many banks in a certain country were at or near the point of bankruptcy, then that country's real exchange rate
a. and net exports would rise.
b. would rise and its net exports would fall.
c. would fall and its net exports would rise.
d. and its net exports would fall.
c
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As people have more time to adjust to changes in a good's price,
A) the demand curve will become less elastic. B) the supply curve will become less elastic. C) both the demand and supply curves will become less elastic. D) both the demand and supply curves will become more elastic.
Suppose that the price elasticity of supply for oil is 0.1. Then, if the price of oil rises by 20 percent, the quantity of oil supplied will increase
A) by 200 percent. B) by 20 percent. C) by 2 percent. D) by 0.2 percent.
Which of the following is considered a determinant of long-run economic growth?
a. Increase in the interest rates b. Changing expectations c. Increase in the money supply d. Growth in productive resources e. Reduction in government spending
Economic profit is most closely associated with:
A. the process of saving and investing. B. monopoly, innovation, and uninsurable risks. C. long-run competitive equilibrium. D. a static economy.