In the dollar:pound foreign exchange market, is it always true that when the supply of dollars rises the demand for pounds rises?
a. Yes. This is always true.
b. No. It is not always true.
c. Like most things in life, it depends on a variety of other factors.
.A
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Which of the following is the best example of a quota?
A) a limit on the quantity of residential air conditioners that can be imported from a foreign country B) a $150 fee imposed on all imported residential air conditioners C) a tax placed on all residential air conditioners sold in the domestic market to help offset the impact of emissions on the environment D) a subsidy from the U.S. government to domestic manufacturers of residential air conditioners to enable them to compete more effectively with foreign producers
Rural families were larger in size, on average, than urban families during the antebellum period. Some argue that the relatively high rate of return on a child born on a farm partly explains why
Children born on farms could be considered investments goods—"goods" used to produce something else. Indicate whether the statement is true or false
A significant increase in the price of tennis balls will most likely lead to
A) an increase in the demand for tennis racquets. B) an inward shift in the demand for tennis balls. C) a movement along the demand curve for tennis racquets. D) an inward shift in the demand for tennis racquets.
People are forced to make choices because of:
a. unlimited wants and unlimited resources. b. limited wants and unlimited resources. c. unlimited wants and limited resources. d. limited wants and limited resources. e. irrational wants and limited resources.