If Mexicans increase their investment in the US, the supply of Mexican pesos to the foreign exchange market and the dollar price of the peso will most likely change in which of the following ways?

According to Nobel Laureate, Amartya Sen, which of the following measures should not be included in a balanced scorecard for economic growth?

a. Wide-spread access to basic life-sustaining amenities. b. Freedom to pick from a wide range of social and economic choices. c. Better self-esteem through higher standards of living. d. Currency appreciation due to balance of payments surpluses. e. All the above are proper measures in the balanced scorecard approach to growth.

Economic theory suggests that the standard of living of American workers would fall if the

a. United States had more natural resources. b. knowledge and skills of workers improved, reducing the need for workers. c. productivity of American workers declined. d. United States turned to more automated methods of production.