The graph illustrates the market for British pounds, the currency of the United Kingdom. As the number of buyers of pounds decreases and the number of sellers of pounds increases, the equilibrium price of a pound
A) will remain the same.
B) will rise.
C) will fall
D) might rise, fall, or remain the same but more information is needed.
E) will rise if the magnitude of the effect on the buyers is larger than the magnitude of the effect on the sellers.
C
Economics
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The percentage of the labor force that belongs to a union is known as the
A. Union share rate. B. Union participation rate. C. Unionization rate. D. Unionized percentage rate.
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If Country A can produce a unit of good 1 at a lower opportunity cost than can Country B, it is correct to state that Country A
A. has a comparative advantage in producing good 1. B. will import good 1 from country Y. C. has an absolute advantage in producing good 1. D. will not produce good 1.
Economics