If Europe and the United States were the only two regions in the world, then U.S. residents might desire to buy euros for all except one of the following reasons. Which is the exception?
a. to invest in Europe
b. to buy European goods
c. to improve the U.S. balance of payments
d. to make loans in Europe
e. to buy European stocks
C
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Consider the utility function 
. If 
, the elasticity of substitution is equal to 
.
Answer the following statement true (T) or false (F)
The least costly combination of inputs is influenced by the relative prices of inputs.
Answer the following statement true (T) or false (F)
Which of the following factors explain why the world's trading nations have become increasingly interdependent, from an economic and political viewpoint, during the post-World War II era? Check all that apply.
A. The post-World War II baby boom B. The aging of the Western population C. The formations of the European Community and the Organization of Petroleum Exporting Countries D. The reindustrialization of Europe and Japan
Country A-2020 Transactions (billions of dollars)
In the above table, the merchandise trade balance for Country A is ________ billion dollars.
A. +100 B. +150 C. -100 D. -150