Everything else held constant, when the current value of the domestic currency increases, the ________ domestic assets ________
A) demand for; increases
B) quantity demanded of; increases
C) demand for; decreases
D) quantity demanded of; decreases
D
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A firm earning economic losses should operate in the short run as long as
A) the price per unit sold is greater than the average fixed cost per unit produced. B) the price per unit sold is greater than the average variable cost per unit produced. C) marginal revenue is at least the price per unit sold. D) the price per unit sold is equal to or greater than the marginal cost of production.
If the Fed increases the money supply, the equilibrium value of money decreases and the equilibrium price level increases
a. True b. False Indicate whether the statement is true or false
The primary purpose of NAFTA is to
A. Ensure that there are no losers as the result of trade agreements between Mexico, Canada, and the United States. B. Encourage the development of the Mexican and Canadian economies at the expense of U.S. workers and consumers. C. Increase income in Mexico, Canada, and the United States by encouraging free trade. D. Protect U.S. and Canadian workers from unfair competition from Mexico.
The United States can reduce its trade deficit by:
A. keeping the dollar fixed. B. reducing the value of the dollar. C. either weakening or strengthening the dollar. D. strengthening the dollar.