Refer to the figure above. The net exports of the country is zero:
A) for real exchange rates below R*. B) at the real exchange rate of R*.
C) for all real exchange rates. D) for real exchange rates above R*.
B
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John can make pizza at a lower opportunity cost than Allen, but Allen can make more pizzas per day than John. Therefore,
A) John has an absolute advantage in pizza. B) Allen cannot benefit from trade with John. C) John has a comparative advantage in pizza. D) John cannot benefit from trade with Allen. E) Allen has a comparative advantage in pizza.
In 2003-2004, over one-third of Black and Hispanic students attended schools that were 90% or more minority; over two-thirds attended schools that were 50% or more minority
Indicate whether the statement is true or false
In the market for Canadian dollars measured in US dollars, the demand for Canadian dollars is
a. The supply of Canadian dollars b. The demand for US Dollars c. The supply of US dollars d. None of the above
The future of private sector labor unions is
A. bright because of the numerous recent innovations in recreational technologies now available for overworked and highly-stressed union members. B. bleak because of the growing economic influence of Walmart upon its suppliers. C. bleak because of the sweep of Congress by Democrats in 2006. D. bright because of the booming Chinese export-driven economy.