Everything else held constant, when a country's currency appreciates, the country's goods abroad become ________ expensive and foreign goods in that country become ________ expensive
A) more; less
B) more; more
C) less; less
D) less; more
A
You might also like to view...
For the period 1947-2012, employment in the United States was
A) procyclical and leading. B) procyclical and lagging. C) countercyclical and leading. D) countercyclical and lagging.
Externalities affect only the buyer and seller involved in an exchange.
Answer the following statement true (T) or false (F)
Refer to Figure 12.7. If Fred's profit in the top rectangle were 1,300 instead of 500, then the path of the game would be:
A. Fred chooses a small quantity and Barney enters. B. Fred chooses a large quantity and Barney enters. C. Fred chooses a small quantity and Barney stays out. D. Fred chooses a large quantity and Barney stays out.
The phrase that was coined by John Maynard Keynes to describe the feelings of investors was the ________ of entrepreneurs.
A. animal spirits B. karma C. optimism D. pessimism