________: the number of units of foreign currency that can be exchanged for one unit of domestic currency

Capital, labor, and other factors of production move more freely from country to country than they do within a country

a. True b. False Indicate whether the statement is true or false

When deciding whether to buy a second car, the economic way of thinking indicates that the purchaser should compare

a. the benefits expected from two cars with the cost of both. b. the additional benefits expected from a second car with the cost of the two cars. c. the dollar cost of the two cars with the potential income that the cars will generate. d. the additional benefits of the second car with the additional cost of the second car.