Suppose the United States is in the midst of a recession. What will happen to the value of the mpi?
A) It will decrease. B) It will fall to zero. C) It will not change. D) It will increase.
A
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If the U.S. dollar depreciates against the yen below the targeted exchange rate, the U.S. Federal Reserve has to intervene in the foreign exchange market such that:
a. the U.S. demand for yen rises. b. the supply of U.S. dollars rises. c. U.S. exports to Japan fall. d. the U.S. dollar is devalued. e. the supply of U.S. dollars falls.
Many economists support trade agreements, maintaining that the agreements improve economic efficiency because they result in goods being produced
A) at the highest profit margin. B) with maximum deadweight loss. C) with zero producer surplus. D) at the lowest opportunity cost.
From 1935 to 2017, the yield per acre for wheat has ________ in the United States.
A. roughly doubled B. slightly declined C. more than tripled D. increased more than 6-fold
Discuss the Coasian reasoning with an example