Imagine that there are only two nations in the world, the United States and Mexico. If Americans buy more goods made in Mexico, other things constant, the
a. U.S. demand curve for Mexican pesos will shift rightward
b. U.S. demand curve for Mexican pesos will shift leftward
c. U.S. supply curve of Mexican pesos will shift leftward
d. U.S. supply curve of Mexican pesos will shift rightward
e. U.S. supply curve of Mexican pesos will shift upward
A
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Established in 1862, the Department of Agriculture's functions during the 19th and early 20th century included all of the following except
a. research and experimentation on plant and animal breeding. b. regulation of agricultural prices and output. c. distribution of information through publications and experiment stations. d. regulation of quality through inspection of meat and dairy products.
An example of human capital is:
A. plumbing skills. B. a wrench. C. a manual on how to install a sink. D. a wedding dress.
When the Environmental Protection Agency (EPA) assigns one emission standard to a particular group of plants, this is called
a. monopoly b. positive externalities c. a pollution compensation tax d. the bubble concept e. a municipal ordinance
If exports rise and imports fall, then
a. GDP will increase b. GDP will decrease c. GDP may remain unchanged d. net exports will fall e. transfers will rise