An increase in demand for a nation's currency in the foreign exchange market will:
a. cause the nation's currency to appreciate.
b. make it more expensive for the nation to import goods.
c. cause the nation's balance on current account to shift toward a surplus.
d. make it less expensive for foreigners to buy the nation's goods.
a
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The concept of external cost is associated with a negative externality, but not with a positive externality
a. True b. False Indicate whether the statement is true or false
A decrease in the equilibrium quantity for a product will result
A) when the quantity demanded for the product exceeds the quantity supplied. B) when there is a decrease in supply and a decrease in demand for the product. C) when there is an increase in supply and a decrease in demand for the product. D) when there is a decrease in demand and an increase in the number of firms producing the product.