Higher U.S. interest rates cause the value of the dollar to
A) rise, making U.S. goods relatively cheaper on world markets.
B) fall, making U.S. goods relatively cheaper on world markets.
C) rise, making U.S. goods relatively more expensive on world markets.
D) fall, making U.S. goods relatively more expensive on world markets.
C
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If new capital increases labor productivity, the supply of labor ________ and the demand for labor ________
A) stays the same; increases B) increases; increases C) increases; decreases D) decreases; stays the same
Coal is an example of
A) a nonrenewable natural resource. B) a renewable natural resource. C) capital. D) a casual resource.
Which of the following activities is most likely to be considered rent seeking?
a. buying an apartment building b. hiring a lobbyist c. voting for a politician who supports government spending d. buying common stock
If the price elasticity of demand for pineapples is 0.75, then a 4 percent increase in the price of pineapples will lead to a:
A. 0.75 percent increase in the quantity of pineapples demanded. B. 3 percent increase in the quantity of pineapples demanded. C. 0.75 percent decrease in the quantity of pineapples demanded. D. 3 percent decrease in the quantity of pineapples demanded.