A sharp movement in exchange rates can most likely lead to dramatic changes in profits and losses for which of the following?
a. an international travel agency
b. a provider of domestic services
c. a local bank
d. a microbrewery
a. an international travel agency
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If sellers compete against buyers, then
A) sellers would prefer to face more buyers in the market. B) sellers would prefer to face fewer buyers in the market. C) buyers would prefer to face fewer sellers in the market. D) buyers would prefer to face more sellers in the market. E) both B and C are true.
A change in consumers' incomes causes a change in:
A. the demand for normal goods but not the demand for inferior goods. B. demand. C. the cross-price elasticity of demand. D. supply.
What economic framework can inform the debate on immigration?
What will be an ideal response?
Which of the following is a desirable characteristic in an economy?
A. high inflation B. low unemployment C. rapid increase in the general price level D. low employment