A(n) ________ of a nation's currency will cause imports to ________ and exports to ________, all other things held constant
A) depreciation; increase; decrease
B) appreciation; decrease; increase
C) depreciation; decrease; increase
D) appreciation; increase; increase
E) depreciation; decrease; decrease
C
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If those who are poor at any one time are poor only temporarily, then their plight is only temporary. This statement is based on which of the following assumptions?
a. Many spells of poverty are relatively short-lived. b. Government spending in the economy is inadequate. c. All phases of the business cycle are temporary. d. Education infrastructure in the economy is poor. e. Once people fall below the poverty line, it is almost impossible for them to rise above it.
A necessary condition for successful economic development is democracy.
a. true b. false
Limit pricing is:
A. the act of charging a low price initially upon entering a market to gain market share. B. a strategy whereby an incumbent maintains a price below the monopoly price in order to prevent entry. C. a strategy used by a vertically integrated firm to raise rivals' costs of inputs, while holding constant final product prices. D. a strategy whereby a firm temporarily prices below its marginal costs to drive competitors out of the market.
Which of the following are complementary goods?
A. trucks and sedans B. sport utility vehicles and gasoline C. white wine and red wine D. butter and margarine