When the British import more American goods, this event:
A. Increases the supply of American dollars
B. Increases the demand for British pounds
C. Decreases the supply of American dollars
D. Increases the supply of British pounds
D. Increases the supply of British pounds
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Data on wages, education, and many other characteristics of the population that are available to anyone who wants to use it are called:
A) private-use data. B) public-use data. C) primary data. D) secondary data.
The market reliably allocates workers among jobs based on their attitudes toward risk, placing workers more willing to bear risk in riskier jobs
Indicate whether the statement is true or false
Suppose the domestic supply (QS) and demand (QD) for MP3 players in the United States is represented by the following set of equations:QS = -25 + 10PQD = 875 - 5PIf the United States can import MP3 players from the rest of the world at a per unit price of $50, how many MP3 players will be produced in the United States?
A. 925 B. 525 C. 625 D. 475
It is possible for a country without a lot of domestic natural resources to have a high standard of living
a. True b. False Indicate whether the statement is true or false