U.S. demand for tertiary labor increases when
(a) the wage rate rises.
(b) urbanization proceeds.
(c) demand for goods and services decreases.
(d) price of output declines.
(b)
Economics
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Assume that the U.S. interest rate is 5%, the European interest rate is 2%, and the future expected exchange rate in one year is $1.224. At approximately what exchange rate will the returns between the United States and Europe be equalized?
a. $1.20 b. $1.224 c. $1.188 d. $1.98
Economics
By reducing its output compared to a competitive market, a monopoly leads to
A) a more efficient use of resources. B) external benefits. C) external costs. D) a deadweight loss.
Economics