All else equal, U.S. exports to Germany create a:
A. demand for European euros.
B. supply of European euros.
C. supply of American dollars.
D. shortage of European euros.
B. supply of European euros.
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Adam Smith coined the term "invisible hand" to describe the process by which the actions of independent, self-interested buyers and sellers will:
A. always lead to the most efficient allocation of resources. B. often lead to increasing inequality. C. always lead an economy to ruin. D. often lead to the most efficient allocation of resources.
What are the three basic decisions that any household must make
What will be an ideal response?
About ________ of pharmaceutical patents are issued to U.S. firms
A) 10 percent B) one-half C) two-thirds D) 90 percent
The ability of an owner of a piece of property to deny its use to others is labeled ________
A) excludability B) rivalry C) non-rivalry D) lugubrious