In the foreign exchange market, as the U.S. exchange rate rises, other things remaining the same, the
A) quantity of dollars demanded decreases.
B) demand curve for dollars shifts rightward.
C) demand curve for dollars shifts leftward.
D) supply curve of dollars shifts rightward.
E) quantity of dollars demanded increases.
A
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One big difference between tariffs and quotas is that tariffs:
a. raise the price of a good while quotas lower it. b. generate tax revenues while quotas do not. c. stimulate international trade while quotas inhibit it. d. hurt domestic producers while quotas help them. e. give the same outcome as free trade while quotas do not.
Major macroeconomic questions include all of the following EXCEPT:
A. What causes slowdowns in productivity growth? B. Are free trade agreements beneficial? C. Can inflation be reduced without generating additional unemployment? D. How do monopoly firms set prices and determine quantities to produce?
Which of the following describes the benefits of specialization in a free market?
Stocks are
A) promises to repay loans. B) a liability of a proprietorship. C) a liability of a corporation. D) shares of ownership in a corporation.