Which of the following factors does not affect the long-run supply and demand conditions of foreign currencies?
A) Relative inflation rates
B) Relative productivity levels
C) Tastes for domestic versus foreign goods
D) All of the above affect the long-run supply and demand conditions of foreign currencies.
D
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Courts generally use the ________ when determining the value of human life in wrongful death suits
A) compensating differential approach B) actuarial approach C) lost-income approach D) sentimental approach
The graph of the average cost curve
A. is identical to the AVC curve. B. is above the AVC curve C. lies everywhere below the AFC curve. D. lies below the AFC curve.
In the late 1980s, ________ domestic private investment led to ________ in net foreign borrowing
A) higher, an increase B) higher, a decrease C) lower, an increase D) lower, a decrease
If demand decreases and supply increases
A) the market clearing price will decrease, and the equilibrium quantity will increase. B) the market clearing price will decrease, and equilibrium quantity will decrease. C) the equilibrium quantity will decrease, but the change in the market clearing price cannot be determined without more information. D) the equilibrium price will decrease, but the change in the equilibrium quantity cannot be determined without more information.