Every transaction concerning the exportation of goods from the United States constitutes a
A) supply of foreign currency with no effect on the market for the dollar.
B) demand for dollars with no effect on markets for foreign currencies.
C) supply of foreign currencies and a demand for dollars.
D) demand for foreign currencies and a supply of dollars.
C
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Which of the following is true? a. A decrease in the price of ice cream would cause a decrease in the demand for frozen yogurt, a substitute
b. Just as demanders will demand more now if the price of a good is expected to rise in the near future, sellers will supply more now if the price of a good is expected to rise in the near future. c. An increase in supply leads to a movement up along the supply curve. d. Both technological progress and cost-increasing regulations will increase supply.
Advertising can enhance economic efficiency when it:
A. increases brand loyalty. B. raises entry barriers. C. increases consumer awareness of substitute products. D. boosts average total cost.