In an open economy, the quantity supplied of TVs in the domestic market will be ________. 
A. 30,000
B. 120,000
C. 90,000
D. 60,000
Answer: A
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The purchase of foreign currency by a central bank will tend to cause ________
A) an appreciation of the domestic currency B) a depreciation of the domestic currency C) an increase in the value of foreign exchange, but no change in the value of the domestic currency D) a decrease in the value of foreign exchange, but no change in the value of the domestic currency
General grants come with strings attached
a. True b. False
A theory
A. is usually based on a set of value judgments. B. cannot be tested. C. is a possible explanation for a natural phenomenon. D. always fits with real-world data.
Related to the Economics in Practice on p. 6: The opportunity cost to Apple of having the hard drive produced in Japan by Toshiba is
A. the wages paid to Japanese workers. B. the value-added captured by Apple in the United States. C. the components of the hard drive which are not produced by Toshiba. D. having the hard drive produced by the next best available company.