If the dollar depreciates relative to other currencies, which of the following is true?
a. It takes more foreign currency to buy a dollar.
b. It takes more dollars to buy a foreign currency.
c. U.S. exports will decrease.
d. Foreign purchases of U.S. goods will decrease.
b
Economics
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Scarcity can be eliminated through
A) the use of market mechanisms. B) exploration that helps us find new resources. C) wise use of our resources. D) None of the above because scarcity cannot be eliminated.
Economics
Disposable income is obtained by
a. subtracting personal income taxes from personal income. b. subtracting personal income taxes from national income. c. adding transfer payments to national income. d. adding transfer payments to personal income.
Economics