U.S. businesses are demanders of foreign currencies because they need them to ________.
A. receive interest payments from foreign governments
B. pay for goods and services imported from foreign countries
C. sell goods and services exported to foreign countries
D. receive interest payments from foreign businesses
Answer: B
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Based on your answer to part (a), find the profit-maximizing output level for each farmer.
In the competitive market for organic corn, market demand is QD = 340 – 2P and market supply is QS= 100 + 4P, where P is the price per bushel, and Q is market output in thousands of bushels. Each individual farmer faces a marginal cost function of MC = 10 + 3q, where q is the single farmer’s output level in thousands.
Knowledge and skills are part of ________ in an economy
A) educational functions B) market growth C) human capital D) innovation
If the government issues new government bonds to finance a budget deficit, the supply of loanable funds will ________ and the equilibrium amount of investment will ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
If $1 is worth .8 Canadian dollars, then 1 Canadian dollar is worth:
A. $1.80. B. $1.25. C. $0.20. D. $0.80.