Child labor limits educational opportunities in developing countries and slows the rate of growth of technological change.
Indicate whether the statement is true or false
Ans: True
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A decrease in the demand for American-made goods will
A) increase the supply of dollars in the foreign exchange market. B) decrease the supply of dollars in the foreign exchange market. C) decrease the demand for dollars in the foreign exchange market. D) increase the demand for dollars in the foreign exchange market.
If the monetary authorities persistently expand the money supply at a rapid rate, the probable result will be: a. inflation
b. low nominal interest rates. c. rapid growth of real GDP. d. all of the above.
The business cycle may hamper economic growth because it creates additional ________ for business owners.
A. unemployment B. stability C. risks D. inflation
Use the following graph for a monopolistically competitive firm to answer the next question. 
This monopolistically competitive firm is earning economic profits in the short run and
A. will continue to have economic profits in the long run. B. this will cause its demand curve to shift to the right in the long run. C. will earn only normal profits in the long run. D. this will cause its cost curves to rise in the long run.