Who said this statement? "If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it from them with some part of the produce of our own industry, employed in a way in which we have some advantage."

A. Adam Smith
B. Fredric Bastiat
C. Murray Weidenbaum
D. Joel Kurtzman

A. Adam Smith

Economics

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What are the influences on the demand for U.S. dollars in the foreign exchange market?

What will be an ideal response?

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An asset is liquid if it

A) is of intrinsic value. B) can be exchanged for other goods and services. C) is a store of value. D) can be obtained or disposed of without losing much of its nominal value.

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