Which one of the following would create a demand for a foreign currency and supply of dollars in the foreign exchange market?
a. the sale of U.S. automobiles to a Mexican consumer
b. the spending by British tourists in the United States
c. the purchase of 1,000 shares of IBM stock by a Latin American investor
d. the purchase of Japanese televisions by an American distributor
D
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Refer to Table 7.1 below. By what percentage does real annual expenditures in public elementary and secondary schools rise between 1980 and 1985? Between 2005 and 2010? What can be said about the rate of change?
Which of these is true of the law of diminishing marginal returns?
a. It is a long run phenomena where all inputs are variable. b. It applies mostly to the short run because some inputs remain fixed. c. It is a long run phenomena experienced under monopoly. d. It applies to fixed inputs in the long run. e. It applies to fixed inputs in the short run.
When deciding what to use as money, one characteristic to look for is the:
A. stability of value. B. shape. C. intrinsic value. D. exchange value
Trade decisions are based on the principle of absolute advantage
a. True b. False Indicate whether the statement is true or false