A real appreciation will tend to cause
A) an increase in exports.
B) a reduction in imports.
C) an increase in net exports.
D) a reduction in demand for domestic goods.
E) none of the above
D
Economics
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Scarcity can best be defined as a situation in which
A) there are no buyers willing to purchase what sellers have produced. B) there are not enough goods to satisfy all of the buyers' demand. C) there is more than enough money to satisfy consumers' wants. D) the resources we use to produce goods and services are limited.
Economics
Refer to the scenario above. Which country is likely to have the highest rate of poverty?
A) Techland B) Ritzland C) Neoland D) Eduland
Economics