If a currency increases in value in response to market forces, this process is known as
A. reflation.
B. revaluation.
C. appreciation.
D. value-added.
Answer: C
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All of the following are sources of funding for capital goods in developing countries EXCEPT
A) portfolio investment. B) taxation. C) foreign direct investment. D) loans from banks.
Behavioral economics is an approach to the study of consumer behavior
A. that, in contrast to standard approaches in economics, relies on real-world data to evaluate the usefulness of economic models. B. that emphasizes the capabilities of individuals to succeed in attaining all their unlimited wants utilizing limited resources. C. that, in contrast to standard approaches in economics, utilizes the ceteris paribus assumption. D. that emphasizes psychological limitations and complications that potentially interfere with rational decision making.