If the dollar appreciates in the foreign exchange market:

A. net exports will increase.
B. net exports will decrease.
C. net exports will be unaffected.
D. It is impossible to say how net exports will be affected without knowing how net capital outflow is affected.


B. net exports will decrease.

Economics

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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ 

A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward

Economics

A person goes to college to become an engineer. This is an example of an

A) investment in physical capital. B) investment in human capital. C) increase in entrepreneurship. D) increase in labor.

Economics

Critics of advertising argue that advertising leads to less elastic demand for products and a larger markup of price over marginal cost

a. True b. False Indicate whether the statement is true or false

Economics

Wages of doctors tend to be higher than wages of bankers. Which of the following is a compensating differential explaining the difference in wages?

a. Doctors have the stress of being responsible for other peoples' lives while bankers do not. b. Doctors are on call to work nights and weekends, while bankers work traditional business hours. c. Doctors must pay for malpractice insurance in case they are sued for a mistake on the job. d. All of the above are compensating differentials.

Economics