Referring to the table above, if consumption in period one is zero, then consumption in period two cannot be greater than ________

If the dollar price of the English pound goes from $1.50 to $1.20, the dollar has

a. appreciated, and Americans will find English goods cheaper. b. appreciated, and Americans will find English goods more expensive. c. depreciated, and Americans will find English goods cheaper. d. depreciated, and Americans will find English goods more expensive.

Oil field workers' wages are directly tied to the world price of oil

a. True b. False Indicate whether the statement is true or false