If a country's currency appreciates, the country will experience a ________ in exports and a ________ in imports.
A. rise; rise
B. fall; fall
C. rise; fall
D. fall; rise
Answer: D
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The above figure represents the market for professional minor-league baseball umpires
a) If umpires are offered $90 a game, what is the quantity of umpires supplied? b) If umpires are offered $90 a game, is there a surplus or shortage of games umpired? What does the shortage or surplus equal? c) What is the equilibrium wage rate and quantity of umpires?
For a typical short-run production function, so long as marginal product is increasing, average product will be increasing as well
Indicate whether the statement is true or false
How do lags affect stabilization policy? Your answer should include three specific types of lags
Which one of the following transactions would be included in GDP?
A. Ms. Kim pays $50 for a used picture frame at a neighborhood garage sale. B. Mr. Doe donates $500 to his town's junior college scholarship fund. C. Ms. Bartolini pays $500 to fix the front end of her car damaged in a recent accident. D. Ms. Smith pays $5,000 to purchase 100 shares of Microsoft stock.