In the open-economy macroeconomic model, other things the same, an increase in the exchange rate raises the quantity of dollars supplied in the market for foreign-currency exchange
a. True
b. False
Indicate whether the statement is true or false
False
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Women bear a disproportionate burden in the agrarian system of Sub-Saharan Africa, Asia and Latin America. In addition their productivity is low. Explain these statements with specific examples from individual developing economies
What measures/policies have been implemented to deal with these two issues? Once again discuss with specific examples from individual developing economies.
Consumers choose their cellphone plans according to their needs and package features. This is an example of
A) importance of information to consumers' choices. B) importance of making personal budget. C) maximizing an objective that is subject to a constraint. D) minimize the cost of cellphone usage.
To find the profit maximizing level of output, a firm finds the output level where
A) price equals marginal cost. B) marginal revenue and average total cost. C) price equals marginal revenue. D) all of the above E) none of the above
Mexico has a comparative advantage in producing corn
A. if its opportunity cost of producing corn is lower than the opportunity cost in other countries. B. if its opportunity cost of producing corn is the same as the opportunity cost in other countries. C. regardless of the opportunity cost in other countries. D. if its opportunity cost of producing corn is higher than the opportunity cost in other countries.