Most transactions in the foreign exchange market are for ______________.
a. portfolio investments
b. tourists
c. businesses
d. foreign direct investments
a. portfolio investments
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What is the difference between club goods and common pool resources? Cite one example of each type of good
What will be an ideal response?
If the supply of labor ________, real wages fall and the amount of labor employed ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Which of the following transactions would be included in this year's GDP for the United States?
a. Deion sends $100 to a hotel in Costa Rica as a deposit for his vacation. b. Deion buys a travel guide written by a Costa Rican woman living in the United States. c. Deion buys a shirt while on vacation in Costa Rica. d. Deion spends money in an American-owned restaurant in Costa Rica.
Supply and demand is an economic tool that analyzes the total costs and benefits of alternative policies to different groups, such as producers and consumers.
a. true b. false