If the dollar appreciates relative to other currencies, which of the following is true?
a. It takes more foreign currency to buy a dollar.
b. It takes more dollars to buy a foreign currency.
c. U.S. exports will increase.
d. Foreign purchases of U.S. goods will increase.
a
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In the 1990s the United States' economy generated more than _______ million additional jobs.
A. 5 B. 10 C. 15 D. 20
Explain what entrepreneurship is and why it is considered a factor of production
What will be an ideal response?
Which is not a reason Usury laws are often politically popular?
A. Few people sympathize with banks and other lenders who are suspected of price gouging. B. Consumers are in favor of the lower lending rates. C. The lower rates allow people to borrow more. D. Lenders, not the Usury laws, are often blamed by people who do not get loans.
Production is efficient when
A) it generates a point beyond the production possibility curve. B) the economy cannot produce more of one good without giving up the production of another good. C) technological change occurs. D) the maximum amounts of the most important good are produced.