The closer the exchange price is to the valuation of the buyer, the greater the buyer's share of the economic value created by the exchange

Indicate whether the statement is true or false

F

Economics

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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

Economics

A demand curve:

A. shows the relationship between price and quantity supplied. B. indicates the quantity demanded at each price in a series of prices. C. graphs as an upsloping line. D. shows the relationship between income and spending.

Economics