Referring to Figure 18.2, Mexican goods will become more expensive in the United States if the exchange rate goes from ________ to ________ pesos to the dollar.
A. 12; 11
B. 12; 13
C. 11; 13
D. 10; 13
Answer: A
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A major factor in the creation and proliferation of comprehensive health care insurance is _____
a. the health care tax credit b. the tax deductibility of employer-paid health plans c. the tremendous increase in the hard core poor d. the increase in low-cost lifesaving techniques
The argument that suggests that regulators balance the interests of firms, consumers, and legislators is called
A) the capture hypothesis. B) the creative response theory. C) the share-the-gains, share-the-pains theory. D) the theory of optimal regulation.
When economists speak of "marginal", they mean
a. Opportunity b. Scarcity c. Incremental d. Unimportant
Using Figure 1 below, if the aggregate demand curve shifts from AD2 to AD1 the result in the short run would be:
A. P1 and Y1.
B. P3 and Y1.
C. P4 and Y1.
D. P4 and Y2.