In the short run, an increase in export sales would cause output to ________ and the price level to ________
A) rise; rise
B) rise; stay constant
C) fall; stay constant
D) fall; rise
B
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What do all expansions and recessions since 1950 have in common?
a. Changes in oil prices. b. Changes in interest rates. c. Changes in spending. d. Changes in productivity. e. None of the above.
The demand for euros in the foreign exchange market equals 8,000 - 2,000 e and the supply of euros in the foreign exchange market equals 3,000 + 3,000 e, where e is the nominal exchange rate expressed in U.S. dollars per euro. If the euro is fixed at 0.85 U.S. dollars per euro, then the euro is ________ and Euroland has a balance-of-payments ________.
A. overvalued; deficit of 750 euros B. overvalued; surplus of 750 euros C. undervalued; surplus of 750 euros D. undervalued; deficit of 750 euros
Use the above figure. Which graph depicts complementary goods?
A. A B. B C. C D. D
There is clear evidence of a race-to-the-bottom internationally, regarding working conditions and the environment
Indicate whether the statement is true or false