_____ gains when the U.S. dollar appreciates
a. A U.S. exporting firm
b. A foreign tourist in the United States
c. A U.S. investor investing abroad
d. A foreign investor in the United States
c
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A(n) ________ shows the bundles of two goods that provide an equal level of satisfaction to the consumer
A) budget set B) indifference curve C) demand curve D) budget line
In the aggregate demand-aggregate supply model in the short run, an increase in the money supply will lead to a(n): a. increase in both the price level and real GDP
b. decrease in both the price level and real GDP. c. increase in real GDP and a decrease in the price level. d. decrease in real GDP and an increase in the price level. e. increase in the price level only.
The market equilibrium for a public good occurs at the intersection of the:
a. market supply curve and the individual demand curve. b. market supply curve and the marginal benefit curve. c. market supply curve and the market demand curve. d. social cost curve and the market demand curve.
In order to shift the current production possibilities curve outward, an economy
A. Must use more of the existing resources. B. Will never be able to produce a combination of goods and services outside the current production possibilities curve. C. Can raise the prices of goods and services to encourage firms to produce more. D. Must find additional resources or better technology.