Anything that causes the United States to buy more foreign goods shifts the foreign currency __________ curve to the __________
A) demand; right
B) demand; left
C) supply; right
D) supply; left
A
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When interpreting the Ed value as either elastic or inelastic, we look at the
A. percent change in price. B. Ed coefficient with its negative sign. C. absolute value of the Ed coefficient (dropping the negative sign). D. percent change in quantity.
Suppose that the reserve ratio is 20 percent. A bank's customer deposits into her account $100,000 in funds from a check written on an account at another bank
The maximum potential increase in the money supply resulting from this transaction is equal to A) $500,000. B) $0. C) $20,000. D) $200,000.
Cindy discovers that when she goes to the beach, she does not have to bring her radio. She can put her blanket near someone who has a radio and listen all day (without having to carry her radio, get sand in her speakers, or buy new batteries). This is an example of:
a. private property abuse. b. external costs. c. a negative externality. d. a positive externality.
Domestic firms often claim that foreign firms have an unfair advantage because foreign workers are willing to work for very low wages
a. True b. False Indicate whether the statement is true or false