If the United States has a current account deficit with England of $1 million, and the Bank of England sells $1 million worth of pounds in the foreign exchange market, then England ________ $1 million of international reserves and its monetary base

________ by $1 million. A) gains; rises
B) gains; falls
C) loses; rises
D) loses; falls

Economics

The more narrowly a product is defined, the less elastic the demand for that product will be

a. True b. False

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Economics

How are government budgets affected by rising health care costs?

What will be an ideal response?

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Economics