In general, it can be asserted that foreign aid promotes economic development

Entrepreneurs play a key role in which type of economy?

A) command economy B) centrally planned economy C) market economy D) all of the above

If people in the United States buy more of a foreign good when its price falls, then

A) the demand curve for U.S. dollars will slope up. B) the supply curve for U.S. dollars will slope up. C) the exchange rate will increase when there is inflation. D) fixed exchange rates will make foreign exchange markets more efficient.