An increase in income in the United States would have what effect on the equilibrium exchange rate and equilibrium quantity of Canadian dollars in the foreign exchange market?
a. decrease in the exchange rate and decrease in the quantity
b. decrease in the exchange rate and no effect on the quantity
c. increase in the exchange rate and decrease in the quantity
d. no change in the exchange rate and increase in the quantity
e. increase in the exchange rate and increase in the quantity
E
Economics
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Explain why an employer in a perfectly competitive market will hire more workers when the marginal revenue product is greater than the wage
What will be an ideal response?
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An efficient economy
a. is a fair economy b. can only be a capitalist economy c. is not necessarily a fair economy d. would never experience air or water pollution e. would not have a government sector
Economics