Everything else held constant, Americans who love French wine benefit most from
A) a decrease in the dollar price of euros.
B) an increase in the dollar price of euros.
C) a constant dollar price for euros.
D) a ban on imports from Europe.
A
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The strengthening of the dollar between 1980 and 1985 contributed to a ________ in American competitiveness, putting pressure on the Fed to pursue a more ________ monetary policy
A) decrease; contractionary B) increase; expansionary C) increase; contractionary D) decrease; expansionary
When people are educated, they become:
A. more productive to society, because they have more skills to apply to a job. B. less productive to society, because they stop working while in school. C. less productive to society, because they require higher pay per hour. D. more productive to society, because they are paid more.
The total amount of money that a government owes at a point in time is called:
A. public debt. B. a budget deficit. C. a budget surplus. D. national surplus.
Supply-restricting policies are intended to __________ prices and __________ farmers' revenues
A) lower; increase B) lower; reduce C) raise; increase D) raise; reduce