Every transaction concerning the exportation of U.S. goods constitutes a
A) demand for dollars, with no effect on markets for foreign currencies.
B) supply of foreign currency, with no effect on the market for dollars.
C) supply of foreign currency and demand for dollars.
D) demand for foreign currency and a supply of dollars.
C
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As capital deepening occurs, there will be increased real wages and economic growth
Indicate whether the statement is true or false
Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a personal trainer. Pat makes $50,000 in total annual revenue. Pat's only out-of-pocket costs are $12,000 per year for rent and utilities, $1,000 per year for advertising and $3,000 per year for equipment. Pat's accounting profit is ________, and Pat's economic profit is ________.
A. $50,000; $15,000 B. $15,000; -$1,000 C. $34,000; $15,000 D. $34,000; -$1,000
For movements along the long-run aggregate supply curve...
What will be an ideal response?
Refer to the information provided in Figure 4.6 below to answer the question(s) that follow.Equilibrium in this market occurs at the intersection of curves S and D.
Figure 4.6Refer to Figure 4.6. If price is P1, the deadweight loss due to under production is area
A. A + C. B. C + F C. F + G. D. E + G.