If the dollar depreciates, it will cause ______.
a. an increase in exports and a decrease in imports
b. a decrease in exports and an increase in imports
c. a decrease in both imports and exports
d. an increase in both imports and exports
a. an increase in exports and a decrease in imports
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Opportunity cost is defined
a. only in terms of money spent b. as the value of all alternatives not chosen c. as the value of the best alternative not chosen d. as the difference between the benefits from a choice and the benefits from the next best alternative e. as the difference between the benefits from a choice and the costs of that choice
The term "dirty float" is used to describe a
a. black market in foreign currencies. b. floating currency that is "managed" by central bank authorities. c. nation that switches from free to fixed exchange rates. d. currency system used only in inflationary periods.
Among non-Hispanic whites, blacks, and Hispanics, the group with the highest poverty rate is ______.
Fill in the blank(s) with the appropriate word(s).
A year-long drought that destroys most wheat crops for the season would shift the:
A. short-run aggregate supply curve only. B. aggregate demand curve only. C. aggregate demand curve, and the short-run aggregate supply curve would shift in response. D. short-run aggregate supply curve and the long-run aggregate supply curve.