Imports depend
a. negatively on income.
b. positively on income.
c. negatively on the exchange rate.
d. positively on the price of foreign currency.
e. Both b and c.
E
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A) risk-neutral B) risk-averse C) risk-seeking D) rent-seekers
Refer to Table 20-11. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?
A) 40.08 B) 100 C) 180 D) 208
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If a government wants to maximize revenues from a tax it should
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