A rise in the value of a currency is called a(n)
A) consolation. B) integration. C) appreciation. D) depreciation.
C
Economics
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Technical innovation spurs economic growth because it
A) increases labor productivity. B) increases the stock of capital goods. C) provides more powerful means of production. D) does all of the above.
Economics
Speculators absorb additional risk in futures markets as a result of the actions taken by
A) longs. B) hedgers. C) brokers. D) shorts.
Economics
Covered-Up Tent Company sells tents and awnings to home owners in a ______ market.
a. command b. factor c. labor d. product
Economics
Figure 33.3 illustrates Lorenz curves for four different economies. For which economy would the lowest 20 percent of families receive the smallest share of total income?
A. A. B. B. C. C. D. D.
Economics