Trading French wine for California wine is an example of intraindustry trade

Indicate whether the statement is true or false


TRUE

Economics

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U.S. residents come to believe that the dollar will appreciate in the future, that is, the exchange rate in the future will be higher than the current exchange rate. As a result

A) the demand curve for dollars shifts rightward. B) the demand curve for dollars shifts leftward. C) there is a movement downward along the demand curve for dollars. D) None of the above answers are correct.

Economics

If the yen appreciates in value against the dollar, the dollar must have depreciated against the yen

Indicate whether the statement is true or false

Economics

The marginal propensity to consume is

a. the change in consumption associated with a change in income. b. equal to the marginal propensity to save minus 1. c. equal to 1 minus the marginal tax rate. d. the change in consumption associated with a change in wealth.

Economics

Closing an inflationary gap involves the creation of a surplus budget where tax revenues exceed government spending

Indicate whether the statement is true or false

Economics