If fewer U.S. dollars are needed to buy a Swiss franc, then
a. Swiss goods become relatively more expensive to U.S. residents
b. U.S. residents buy fewer francs
c. U.S. goods become relatively cheaper to Swiss residents
d. U.S. residents buy more Swiss goods
e. U.S. residents supply more francs
D
Economics
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Robert Lucas, a Nobel laureate in economics, argues that there are increasing returns to
A) knowledge capital. B) human capital. C) physical capital. D) financial capital.
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