If the demand for a country's currency increases, the currency
A) appreciates.
B) depreciates.
C) stays the same.
D) could either appreciate, depreciate, or stay the same.
A
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List four characteristics of monopolistic competition
What will be an ideal response?
When the goods of competing companies are identical, consumers have no reason to prefer one product over the other, so the demand curve for each manufacturer will be perfectly elastic.
Answer the following statement true (T) or false (F)
Pure economic rent involves situations where
A) the supply curve is perfectly inelastic. B) the supply curve is perfectly elastic. C) the uses to which a resource can be used can be varied but the quality of the resource cannot be varied. D) the quality of a resource can be varied but the price cannot be varied.
Identify the two major ways economic growth is measured
What will be an ideal response?