One signal that the U.S. dollar was overvalued in the early 1970s was
a. the stable price of gold
b. the volume of international trade
c. the recurring balance of trade deficits in the United States
d. the recurring balance of trade deficits in European countries
e. reduced deposits in the World Bank
C
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Higher U.S. interest rates cause the value of the dollar to
A) rise, making U.S. goods relatively cheaper on world markets. B) fall, making U.S. goods relatively cheaper on world markets. C) rise, making U.S. goods relatively more expensive on world markets. D) fall, making U.S. goods relatively more expensive on world markets.
Use the following graph for a monopolistically competitive firm to answer the next question. 
This monopolistically competitive firm is earning economic profits in the short run and
A. will continue to have economic profits in the long run. B. this will cause its demand curve to shift to the right in the long run. C. will earn only normal profits in the long run. D. this will cause its cost curves to rise in the long run.