Ceteris paribus, if Canadians decide they want to eat more U.S.-grown soybeans, this causes the ________ U.S. currency to ________.
A. supply of; decrease
B. demand for; decrease
C. supply of; increase
D. demand for; increase
Answer: D
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Most countries historically run a trade surplus or deficit that is less than 5% of GDP.
Select whether the statement is true or false. A. True B. False
How might a nation expand its production possibilities?
A. By engaging in barter transactions to facilitate trade B. By investing in new technology and business equipment C. By engaging in direct production rather than roundabout production D. By specializing in the production of a particular good
Most voters will likely be concerned with
What will be an ideal response?
More education and better technology contribute to an increase in productivity, ceteris paribus.
Answer the following statement true (T) or false (F)