A(n) ________ in U.S. prices will cause an increase in the demand for U.S. dollars and a(n) ________ in the (per dollar) exchange rate
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
C
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If a household experiences a $880 increase in consumption with a $1,100 increase in disposable income, what is the slope of that household's saving function?
a. 0.20 b. 2.0 c. 0.80 d. 0.08 e. 0.25
Price-fixing agreements among competing firms are a violation of the Clayton Antitrust Act
a. True b. False
If a nation has a comparative advantage in the production of good X, this means that the nation
A. cannot benefit by producing and trading this product. B. gives up less of alternative goods than other nations in producing a unit of X. C. has a production possibilities curve identical to those of other nations. D. is not subject to opportunity costs in producing good X.
For all goods, the long run demand curve is always more elastic than the short run demand curve
Indicate whether the statement is true or false