According to ________ ______ ?theory, economic growth can continue as long as we keep coming up with new ideas.

From the perspective of the United States, a reduction in the nominal exchange rate will cause which of the following?

A) The dollar becomes more expensive to foreigners. B) Foreign goods are less expensive to Americans. C) Foreign currency is less expensive to Americans. D) American goods are less expensive to foreigners. E) none of the above

A profit-maximizing monopolist

A) is guaranteed to lose money because of a lack of competition. B) is not guaranteed to make a positive profit. C) is guaranteed to make a positive profit, hence the desire to be a monopolist. D) is guaranteed to make a non-negative profit, otherwise government would step in to assist.