In late 2014 and 2015 the value of the U.S. dollar increased relative to the currencies of most of its major trading partners
This rise in the price of the dollar against the other currencies was ________ for companies that exported to the United States and ________ for U.S. companies that exported to other countries.
A) good; good B) bad; bad C) good; bad D) bad; good
C
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Sarah is considering lending an amount of $45,000 to her friend who promises to return $60,000 after the end of ten years
What is the net present value of Sarah's investment? Is it worthwhile to undertake this investment? Assume that the market rate of interest is 6%.
Almost all economists support protectionist policies because protection
A) saves jobs. B) prevents rich countries from exploiting poorer countries. C) is a good way for governments in developed nations to raise revenue. D) Economists would not support any of the above reasons.
Economic growth at constant world prices will ________ cause the output of one good to fall absolutely
A) never B) sometimes C) always
Continuing with the same family from the preceding question, what is the greatest (integer) number of vacation days the family would be willing to give up in order to guarantee a healthy vacation?
a. 3 b. 4 c. 5 d. 6