The Mexican demand for American goods leads to
A) the demand for Mexican pesos and the supply of U.S. dollars on the foreign exchange market.
B) the demand for U.S. dollars and the demand for Mexican pesos on the foreign exchange market.
C) the demand for U.S. dollars and the supply of Mexican pesos on the foreign exchange market.
D) the demand for U.S. dollars and the supply of U.S. dollars on the foreign exchange market.
C
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Average hours worked per week have ____ since the early 1900s
a. declined by almost 7 percent b. risen by almost 15 percent c. risen by almost 7 percent d. declined by almost 35 percent
Tariffs and quotas are effective in protecting industry
a. but at very high cost per job saved. b. and at very low cost per job saved. c. but have not saved any jobs in the industries. d. and do not distort the economy in the process.
Tim deposits $30,000 into Statewide Bank. Statewide has a money multiplier of 8. How much money could Tim’s deposit potentially create?
a. $30,000 b. $240,000 c. $3,750 d. $26,250
What happens to standards of living over time with stagnant economic growth rates?
a. steady growth b. little change c. regulatory control d. notable decrease