An increase in wealth in the U.S. will lead to the following in the foreign exchange market:
A. a decrease in the demand for dollars.
B. a decrease in the supply of dollars.
C. an increase in the demand for dollars.
D. an increase in the supply of dollars.
Answer: D
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As the ________ interest rate increases, the quantity of loanable funds demanded ________
A) real; increases B) real; decreases C) nominal; increases D) nominal; decreases
Use the above figure. When the price increases from $2 to $10, the absolute price elasticity of demand is
A) 0.67. B) 1.50. C) 0.25. D) 1.00.
Which one of the following persons would be considered unemployed?
a. A person not working who has given up searching for a job. b. A part-time worker looking for a full-time job. c. A construction worker who was laid off due to cold weather. d. A full-time college student who is not a member of the labor force.
If producing a soccer ball costs Jake $5, and he sells it for $40, his producer surplus is $35
a. True b. False Indicate whether the statement is true or false