Which of the following people would most likely benefit if the U.S. dollar is stronger than other currencies?
Answer: An American professor on an extended vacation in Paris
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During the business cycle,
A) real GDP fluctuates around nominal GDP. B) nominal GDP fluctuates around real GDP. C) real GDP fluctuates around its trend. D) trend GDP fluctuates around real GDP. E) real GDP falls after the trough.
A nonexclusive good is a good that a. is sold in low price markets
b. is impossible to keep people from enjoying the benefits the good provides. c. is produced by a perfectly competitive firm. d. is produced at the lowest possible cost.
Which of the following would prevent a pharmaceutical manufacturer from successfully using price discrimination?
a. It's customers all have the same elasticity of demand for its drugs. b. The demand schedule for pharmaceuticals is horizontal. c. Low-price customers could resell the drugs to high-priced customers. d. All of the above.
The table above gives some of the balance of payments accounts of the United States in 2017
a. What is the current account balance? b. What is the capital and financial account balance? c. What is the official settlements account balance?