If U.S. residents boycotts French goods, this will
A) reduce the demand for euros in the foreign exchange market.
B) increase the demand for euros in the foreign exchange market.
C) cause the euro to appreciate.
D) have no effect on the euro.
A). reduce the demand for euros in the foreign exchange market.
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Free markets produce relatively high levels of efficiency but low rates of growth
a. True b. False Indicate whether the statement is true or false
In class action lawsuits, interested parties to the lawsuit are not required to pay attorney fees directly. This is an example of an attempt to
a. maximize attorney fees. b. reduce the incentive of attorneys to file class action lawsuits. c. reduce the transaction costs of finding a private solution to an externality. d. regulate attorney fees.
Which of the following sectors contributes the largest amount to the U.S. GDP?
A.) Farming. B.) Manufacturing. C.) Services. D.) Exports.
Which of the following examples shows the most inelastic demand?
a. When the price of printers increases from $800 to $1,000 per printer, sales decreases by 20 percent. b. When the price of fedoras increases from $90 to $100 per hat, sales decreases by half. c. When the price of shoes decreases from $60 to $50 per pair, sales increases 5 percent. d. When the price of crackers decreases from $3 to $2 per box, sales double.