Which of the following would shift the world supply curve up?
A. An appreciation of the U.S. currency
B. A decision by the Chinese to allow the yuan to appreciate
C. Continuing devaluation of the yuan by the Chinese
D. Government policies that lower wages in foreign countries
Answer: B
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An evaluation of relative risk is known as
a. risk-benefit analysis c. benefit-cost analysis b. comparative risk analysis d. de minimis risk
In which statement(s) are "demand" and "quantity demanded" used correctly? (I) "An increase in the price of tea will reduce the quantity demanded of tea." (II) "An increase in the price of tea will reduce the demand for sugar used in tea."
a. in both statements I and II b. in statement I only c. in statement II only d. in neither statements I nor II
If IACs admit more temporary workers from DVC will it help DVC? Explain.
What will be an ideal response?
Suppose a country is producing $20 million of real GDP. If the economy grows at 10 percent per year, approximately how many years will to take for real GDP to grow to $80 million?
A) 14 B) 7 C) 4 D) 30