Which of the following would increase the value of the dollar in the long run?
A) a decrease in U.S. tariffs on foreign goods
B) an increase in the demand for American goods relative to goods from other countries
C) an increase in inflation in the United States relative to other countries
D) an increase in the supply of dollars on the foreign exchange market
B
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Which of the following is an example of gross investment?
A. Electric Car Incorporated increases the number of cars on its lots. B. The Black Coal Company sells $5 million of coal to Germany. C. Fred buys a new television set to watch the Super Bowl. D. The navy purchases a new ship for its fleet.
Refer to Scenario 14.2. What is the average product of the 4th worker?
A) 4 B) 5 C) 6 D) 6.5 E) 7
Which of the follow is NOT an example of a market?
A. Retail trade of chocolate ice cream in Boston. B. The buying and selling of homes in Kansas City. C. The farmer's market in Madison, Wisconsin. D. The buying and selling of used cars.
Which of the following correctly identifies a difference between cross-sectional data and time series data?
A. Cross-sectional data is based on temporal ordering, whereas time series data is not. B. Time series data is based on temporal ordering, whereas cross-sectional data is not. C. Cross-sectional data consists of only qualitative variables, whereas time series data consists of only quantitative variables. D. Time series data consists of only qualitative variables, whereas cross-sectional data does not include qualitative variables.