Other things the same, in the open-economy macroeconomic model, if the exchange rate rises,
a. the demand for dollars shifts left.
b. the demand for dollars shifts right.
c. the quantity of dollars demanded falls.
d. the quantity of dollars demanded rises.
c
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The primary determinant of patterns of interregional trade is
A) accidents of history. B) resource allocations. C) factor abundance. D) weather. E) centralized optimization.
If total U.S. trade consists of $10 billion in electronics imports from Japan and $9 billion in automobile exports to Germany, then the U.S. net export account will be negative
a. True b. False Indicate whether the statement is true or false
Charging firms that emit pollutants is one way to deal with pollution
a. True b. False Indicate whether the statement is true or false
Incentive contracts typically result in higher risk-related compensation to agents on average,
a. even so, they are always worth it b. this does not affect their desirability c. as a consequence, they may cost more than the problem they solve d. therefore, they are never worth it