Everything else held constant, increased demand for a country's ________ causes its currency to appreciate in the long run, while increased demand for ________ causes its currency to depreciate
A) imports; imports
B) imports; exports
C) exports; imports
D) exports; exports
C
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One of the most important changes in the composition of the labor force in the United States has been
A. the major increase in the number of women who work outside the home. B. the drop in the number of men who only work part-time. C. the steady decline in the number of women who work. D. the increase in the ratio of male workers to female workers. E. the major increase in the number of men who work away from the home or farm.
According to purchasing power parity, the relationship among the domestic price (P), the foreign price (P ), and the nominal exchange rate (e), can be written as
A) P = e - P . B) P = P - e. C) P = eP . D) P = e/P .
Which form of business organization accounts for the largest proportion of sales in the United States?
A) the corporation B) the partnership C) the proprietorship D) the subchapter S partner-based proprietorship.
Related to the Economics in Practice on page 83: Which of the following best explains why the people who wait for hours to acquire tickets to free performances earn less on average than the people who actually see those performances?
A. People interested in live performances are likely to have access to other forms of entertainment, such as television and radio. B. High-wage individuals are more likely to have schedule conflicts that prevent them from using their tickets. C. The value of time spent waiting in line is less for people who earn less money. D. People who earn more money are less likely to be aware of the opportunity to acquire free tickets.