The foreign exchange market is the market where
A) goods and services of different countries are exchanged.
B) currencies of different countries are exchanged.
C) transportation services for foreign goods are contracted.
D) either a or c
E) none of the above
B
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What is the factor substitution effect?
What will be an ideal response?
Legislation considered by Congress to restrict legal immigration would:
a. have little effect on medical markets since so few physicians practicing medicine in the U.S. are foreigners. b. raise the costs of operating in many of the nation's rural and inner-city hospitals. c. allow more Americans trained abroad to compete for openings in U.S. residency programs. d. surprise many policy makers because Congress finds it difficult to agree on much of anything regarding immigration. e. improve employment prospects for native-born Americans.
While the U. S. government investigates few claims of dumping, nearly all of the claims are upheld by the International Trade Commission.
Answer the following statement true (T) or false (F)
Exhibit 30-3 Costs of Eliminating:Firm A Firm B Firm C 1st ton of pollution$ 30 $ 50 $ 600 2nd ton of pollution$ 70 $ 90 $ 700 3rd ton of pollution$125 $150 $ 900 4th ton of pollution$200 $250 $1,300 Refer to Exhibit 30-3. Suppose that Firms A, B, and C are the only polluters in the state and that each emits 4 tons of pollution into the atmosphere. To cut the level of pollution in half, the government mandates system whereby each firm must reduce its pollution level by one-half. The total cost of complying with the mandate is
A. $433. B. $1,540. C. $2,750. D. $8,570. E. $11,650.