If the dollar appreciates, it can be said that
A. foreigners respect the United States more.
B. it increases in value within the United States.
C. other currencies depreciate.
D. it takes more dollars to buy foreign currencies.
Answer: C
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According to the HRV growth diagnostic framework why is there no "one size fits all" development policy?
What will be an ideal response?
How are the economic forces that apply to renewable resources different than those that apply to non-renewable resources?
a. Non-renewable resources must be protected by government policies to prevent depletion. b. Non-renewable resources do not have any substitutes so the economic forces are different than those for renewable resources.. c. Both renewable and non-renewable resources may become scarcer over time so the economic forces at work are similar. d. Renewable resources are not subject to the laws of economics since the scarcity condition no longer holds.
Assume the graph shown represents Grace's budget constraint. Which of the following is true?
A. Grace's total utility is constant along her budget constraint. B. Grace's total expenditure is constant along her budget constraint. C. Grace's marginal utility of each good is the same for each combination of goods on her budget line. D. Grace is indifferent between consuming any bundle that lies on the budget constraint.
The HeckscherOhlin model of international trade uses _____ and ______ to explain trade patterns.
a. comparative; absolute advantage b. factor abundance; factor intensity c. factor availability; factor usability d. tariffs; quotas