All individuals, even Bill Gates, must select among alternative goods because of

If a central bank does not want to see its currency ________ in value, it may pursue contractionary monetary policy to raise the domestic interest rate, thereby ________ its currency

A) fall; strengthening B) fall; weakening C) rise; strengthening D) rise; weakening

In the above figure, if the firm is producing Q1 units at a price P1, the firm should

A) increase output and decrease price. B) decrease output and increase price. C) not change output or price. D) shut down.