During the beginning on the global financial crisis in the United States when the effects of the crisis were mostly confined within the United States, the U. S. dollar ________ because demand for U.S. assets ________
A) appreciated; increased
B) depreciated; increased
C) appreciated; decreased
D) depreciated; decreased
D
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Which of the following is not a tariff pattern of the major world traders?
A. overall tariff rates are relatively low B. tariffs are higher in agriculture than in other industrial sectors C. tariffs are higher to economically hostile countries D. commonality in the sectors they protect most
Finding a method of resource allocation is essential to any medical care system. Which one of the following statements supports this proposition?
a. Because good health is our top priority, we have all the resources necessary to produce all the medical care that we want. b. Resources used in medical care have alternative uses that are also beneficial. c. Resources are plentiful. There are always enough to produce everything that is desired. d. Most people are willing to wait for access to care. Eventually, the resources will be available to provide that care.
When consumers would have been willing to pay higher prices at various quantities consumed than the market clearing price, the differences are called
A. producer surplus. B. consumer surplus. C. scarcity. D. opportunity cost.
All of the following are considered a barrier to entry into a market EXCEPT
A. ownership of resources without close substitutes. B. economies of scale. C. when firms can only earn a normal rate of return in a market. D. governmental restrictions on a firm's ability enter a market.