Other things the same, the aggregate quantity of goods demanded in the U.S. increases if
a. real wealth rises.
b. the interest rate rises.
c. the dollar appreciates.
d. All of the above are correct.
a
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If speculators believe a currency is undervalued, their trades in international exchange markets will
A) increase the surplus of the currency at the existing fixed exchange rate. B) increase the shortage of the currency at the existing fixed exchange rate. C) decrease the shortage of the currency at the existing fixed exchange rate. D) decrease the surplus of the currency at the existing fixed exchange rate.
Joe works for an environmental agency. Every day he chooses to fill his reusable water bottle and bring it to work instead of bringing in a plastic disposable water bottle each day. Joe most likely derives utility from:
A. the taste of water from his reusable water bottle. B. the knowledge that he is doing something good for the environment by not using plastic water bottles. C. the knowledge that others in his firm observe his environmentally-friendly choice of water bottle. D. Joe likely derives utility from all three of these sources.
What effects will globalization have on labor demand? What will happen to the wages of U.S. workers as more foreign trade occurs?
What will be an ideal response?
Rising healthcare costs are attributable to
A. reliance on expensive technology to support and prolong life. B. people living longer and desiring more care. C. third-party financing of healthcare costs. D. all of these.