How does an increase in the budget deficit affect the demand for dollars and the supply of dollars on the foreign exchange market?
A) The demand for dollars rises, and the supply of dollars rises.
B) The demand for dollars rises, and the supply of dollars falls.
C) The demand for dollars falls, and the supply of dollars rises.
D) The demand for dollars falls, and the supply of dollars falls.
B
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Suppose the market clearing price is $20 and the price ceiling is $15. The price that prevails in the market will be
A) $20. B) $15. C) less than $15. D) $0.
Janice earns an income of $2,000 a week and goes out to lunch 4 times a week. If her income increased to $2,100 she would go out to lunch 5 times a week. Compute Janice's income elasticity of demand
A) 0.22 B) 4.56 C) 2.28 D) -0.22
W.L. Gore is structured an a U-form of organization
Indicate whether the statement is true or false
Corrective taxes are more efficient than regulations for keeping the environment clean
a. True b. False Indicate whether the statement is true or false