If a nation's real interest rate fell relative to foreign nations, it would cause net exports to:
a. Fall.
b. Rise.
c. Remain unchanged.
d. It could increase or decrease net exports, depending on the elasticity of demand for foreign exchange.
.B
Economics
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The GDP deflator of a country in the base year was 100 and it is 130 in the current year. This implies that the prices of final goods and services produced in the country have increased by ________ between the two years
A) 3% B) 30% C) 10% D) 0.1%
Economics
In Figure 1.6, at which of the following points would the opportunity cost of producing one more car be the lowest?
A. D. B. C. C. B. D. F.
Economics