The asset market approach seeks to explain exchange rates by focusing on the demand and supply of national moneys.
Answer the following statement true (T) or false (F)
False
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When can we expect a factor-price effect to occur? How does a factor-price effect alter an industry's short-run and long-run supply curves?
What will be an ideal response?
A person's real income will increase by 3% if her nominal income increases by
A. 5% while the price index falls by 2%. B. 5% while the price index rises by 2%. C. 2% while the price index falls by 5%. D. 2% while the price index rises by 5%.
In response to Economist Jeffrey Sachs' big push theory:
A. NATO funded 13 Millennium Villages. B. the UN developed 8 Millennium Development Goals. C. the UN declared a moratorium on all foreign aid. D. the U.S. funded half of NATO's village project.
Referring to Table 4.2, Box H should be filled with 
A. $10. B. $30. C. $20. D. $0.