If goods X and Y are complements, the
a. quantities demanded of X and Y tend to move in opposite directions.
b. quantities demanded of X and Y tend to move in the same direction.
c. prices of X and Y tend to move in the same direction.
d. supply curves for X and Y tend to move in the same direction.
b
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What will be an ideal response?
Under the current managed float exchange rate regime, countries with ________ in their balance of payments frequently do not want to see their currencies ________ because it makes their goods more expensive abroad and foreign goods cheaper in their
countries. A) surpluses; depreciate B) deficits; depreciate C) surpluses; appreciate D) deficits; appreciate
Economists are still unsure whether the level of demand can be affected by government policy
Indicate whether the statement is true or false
Laura Spears is a public school teacher. She produces a(n)
a. merit good b. transfer payment to children c. public good d. nonexcludable good e. entitlement