____ is the subjective measure of the physical and mental satisfaction that is anticipated from consumption

According to purchasing power parity, a rise in inflation in the United States. relative to the rest of the world will lead to

A) a balance of payments surplus. B) a balance of payments deficit. C) an exchange rate appreciation. D) an exchange rate depreciation.

Which of the following is not a correct statement about individual and group preferences?

a. Individuals have preferences b. Groups have preferences c. Individuals within groups have preferences d. Groups make collective decisions on behalf of their members