According to the rule of 70, if the interest rate is 10 percent, about how long will it take for the value of a savings account to double?

Assume the United States is the "domestic" country and China is the "foreign" country. Which of the following might increase the real exchange rate between the United States and China?

A) an increase in the price level in the United States B) an appreciation of the yuan C) an increase in the price level of China D) a depreciation of the dollar

As a result of specialization and trade, individuals no longer have to make choices about how to spend their incomes.

Answer the following statement true (T) or false (F)