If U.S. residents boycotts French goods, this will
A) reduce the demand for euros in the foreign exchange market.
B) increase the demand for euros in the foreign exchange market.
C) cause the euro to appreciate.
D) have no effect on the euro.
Answer: A
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The federal personal income tax is
A. direct and regressive. B. direct and progressive. C. indirect and regressive. D. indirect and progressive.
Average hours worked per week have ____ since the early 1900s
a. declined by almost 7 percent b. risen by almost 15 percent c. risen by almost 7 percent d. declined by almost 35 percent
While a firm in long-run equilibrium will make zero economic profits, it is still possible for the firm to make ______________ profits.
Fill in the blank(s) with the appropriate word(s).
The concept of opportunity cost is based on the principle of
A. scarcity. B. consumption. C. need. D. profit.