Holding other things constant, a depreciation of the US Dollar relative to the Kenyan Shilling would cause the demand for the Shilling to _____________ and the supply for Shilling to __________

Michigan recently did away with property taxes. Alternative funding for schools could come from

a. a lottery system. b. an increase in sales tax and income tax. c. an increase in corporate taxes. d. All of the above are correct.

If large numbers of young Americans thought the life of a cowhand was great (despite the hardships), we would expect

a. an increase in the wages of cowhands. b. a decrease in the wages of cowhands because demand would be reduced. c. no impact on wages, which are determined by supply and demand, not preferences. d. a decrease in the wages of cowhands because supply would be enlarged.