The purchase of a British Rolls-Royce by a U.S. citizen would result in all of the following except a(n):
A. Supply of payments to England
B. Sale of dollars and the purchase of British pounds
C. Increase in imports to the United States
D. Gain of foreign exchange for the United States
D. Gain of foreign exchange for the United States
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Which of the four countries has an opt-out and chose not the adopt euro yet:
a. Germany b. Denmark c. France d. Austria
The most narrow measure of money is:
a. M1 b. M2 c. M3 d. Cash
Why do producers tend to be better represented in lobbying efforts and other elements of the political process than consumers?
What will be an ideal response?
The marginal rate of substitution:
A. may increase or decrease on a given indifference curve, depending on whether the substitution or the income effect is dominant. B. increases as one moves southeast along an indifference curve. C. is constant at all points on the budget line. D. declines as one moves southeast along an indifference curve.