Purchasing-power parity implies that the nominal exchange rate given as foreign currency per unit of U.S. currency must rise if the price level(s) in

One of the main reasons that people want to limit imports is the

a. fear that imports will decrease the income of Americans. b. idea that cheap foreign labor destroys American jobs. c. concept that if trade benefits another country, it must harm the United States. d. All of the above are correct.

Consumers concentrate on public choices rather than private choices, because information and the time required to acquire and digest it are scarce

Indicate whether the statement is true or false