During the 1970s, U.S. prices generally rose faster than prices in other parts of the world. Which of the following changes would the open economy effect predict took place in response to these price level changes?
a. Americans reduced the proportion of foreign goods bought since their foreign prices became relatively lower.
b. Americans reduced the amount of investment they undertook because
interest rates increased.
c. Americans reduced the amount of goods and services they wanted to purchase for consumption because they felt less wealthy.
d. Americans reduced the fraction of purchases they made from domestic producers of goods and services, since foreign prices became relatively lower.
d
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Refer to Figure 7.1. Suppose the city passes an ordinance banning loud music, and this directly impacts Angus's legal ability to play his bagpipes
If Angus continues to play the bagpipes and Dudley calls the police, the payoffs in the appropriate cell in the payoff matrix would change to A) N/A. B) 550, 100. C) 100, 550. D) The payoffs would not change.
A country simultaneously raises tariffs on manufactured goods and overvalues the exchange rate. Why might these seemingly contradictory policies be pursued together?
What will be an ideal response?
It is often profitable for the white-males to accept lower paying positions to avoid working with women
a. True b. False Indicate whether the statement is true or false
Good management always seeks to add value
Indicate whether the statement is true or false