An upward-sloping supply curve of Korean won in terms of Canadian dollars indicates that:
a. the higher the dollar price of Korean won, the more won will be demanded.
b. the higher the dollar price of Korean won, the fewer won will be supplied.
c. the lower the dollar price of Korean won, the more won will be demanded.
d. the lower the dollar price of Korean won, the fewer won will be supplied.
e. the Korean economy is stronger than the Canadian economy.
d
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If a firm increases its capital stock per person while holding constant the number of workers employed, the firm is said to experience
A) capital augmentation. B) labor intensity. C) capital deepening. D) investment deepening.
One of moneys primary roles in the economy comes from the use of money to transfer purchasing power to the future. This role of money is called
A) store of value. B) unit of account. C) medium of exchange. D) standard of deferred payment.