When the value of a currency experiences exchange-rate appreciation, its value:
A. increases relative to the value of another currency.
B. can buy more goods and services in its own country.
C. decreases relative to the value of another currency.
D. has experienced inflation relative to other currency.
A. increases relative to the value of another currency.
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Determining who receives scarce goods by the criterion of willingness to pay tends to enhance the freedom and power of people who want the goods because
A) it enables everyone to obtain at least a little of everything. B) it facilitates choice by everyone on the basis of their own specific situation. C) it gives everyone an equal chance. D) it makes sure the people who obtain scarce goods are the people who most deserve them. E) it puts genuine need ahead of politics.
The United States is a creditor nation
Indicate whether the statement is true or false
If a local fishing club spends time each year cleaning up local streams by removing trash thrown by motorists, efficiency would be improved if
A) motorists were fined and fishing club activities were taxed. B) the fishing club's activities were subsidized. C) the fishing club was taxed. D) motorists were subsidized.
GDP minus depreciation equals
A. national income. B. personal income. C. net domestic product. D. aggregate spending.