When people who are holding the money of some other country want to exchange it for U.S. dollars, they ________ U.S. dollars and ________ that other country's money
A) demand; supply
B) supply; supply
C) supply; demand
D) demand; demand
A
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How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.80 dollars per one British pound?
A) 40 dollars B) 90 dollars C) 50 dollars D) 100 dollars E) 95 dollars
Which statement is true about advertising?
A. If you are a tomato grower you will make more profit by advertising widely. B. Advertising is most useful if it is spent on new products of good quality. C. It is best to spend advertising money on the products with the lowest quality and lowest consumer demand. D. If John Kenneth Galbraith's "revised sequence" is correct, advertising is a waste of money.
The government of a DVC may force the economy to save by deliberately causing inflation. This policy is undesirable because inflation may:
A. distort investment away from productive facilities and toward luxury housing and precious metals. B. increase voluntary saving because the value of money is depreciating. C. contribute to a balance of trade surplus. D. entail all of these problems.
According to predictions made by the Club of Rome in 1972, the collapse of the world economy will occur because of
A. low saving rates and, therefore, low rates of capital accumulation. B. the ever-increasing birthrate in developed countries. C. the depletion of nonrenewable resources. D. the world's limited capacity to produce food.