Holding everything else constant, a country's exports will decrease if the:
A) country's currency appreciates.
B) country's currency depreciates.
C) country's currency is revalued.
D) none of the above.
A
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The North American Free Trade Agreement affects trade between:
a. the United States, Cuba, and Brazil. b. the United States, Canada, and Mexico. c. the United States, Puerto Rico, and Cuba. d. Brazil, Bolivia, Peru, and Columbia. e. China and the United States.
Which of the following statements are true?
A. In the long run the monopolistic competitor is as efficient as the perfect competitor. B. The demand curve of a monopolistic competitor is more horizontal (flatter) than a monopolist's demand curve. C. In the long run the monopolistic competitor will definitely make a profit. D. The demand curve of a monopolistic competitor is identical to its marginal revenue curve.
If a firm makes zero economic profit, then the firm
A) has total revenues greater than its economic costs. B) must shut down. C) can be earning positive business profit. D) must have no fixed costs.
Small time deposits of $100,000 or less are classified as
A) part of M1. B) FDIC insured. C) part of M2. D) highly liquid.