An appreciation of the dollar makes imported inputs cheaper and shifts the U.S. aggregate supply curve outward, thus pushing American prices down.
Answer the following statement true (T) or false (F)
True
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Pollution and depletion both occur because of poorly defined property rights
Indicate whether the statement is true or false
The higher the dollar's exchange rate, the ________ the expected profit from holding dollars and so ________ dollars are supplied
A) larger; more B) larger; fewer C) smaller; more D) smaller; fewer
Which of the following is NOT an example of investment in human capital?
A) a medical student's internship B) the purchase of a personal computer for playing games C) A mechanic attends a training workshop on a new type of engine. D) Johnny learns how to read.
Although a variety of commodities have been used as money, the most commonly used have been
A. stones and cattle. B. shells and beads. C. gold and silver. D. cigarettes and candy bars.