In foreign exchange markets, a U.S. resident who imports New Zealand apples is:
a. a demander and supplier of New Zealand dollars.
b. a demander and supplier of U.S. dollars.
c. a demander of New Zealand dollars and a supplier of U.S. dollars.
d. a supplier of both New Zealand dollars and U.S. dollars.
e. a supplier of New Zealand dollars and a demander of U.S. dollars.
c
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Which of the following is a difference between a monopolistically competitive market and a perfectly competitive market in the long run?
A) Firms in a monopolistically competitive market earn zero economic profits in the long run, while firms in a perfectly competitive market earn positive economic profits in the long run. B) Firms in a monopolistically competitive market earn zero economic profits in the long run, while firms in a perfectly competitive market incur losses in the long run. C) Firms in a monopolistically competitive market charge a price higher than marginal cost in the long run, while firms in a perfectly competitive market charge a price equal to marginal cost in the long run. D) Firms in a monopolistically competitive market charge a price lower than marginal cost in the long run, while firms in a perfectly competitive market charge a price equal to marginal cost in the long run.
Which countries suffered from too much debt and were forced to ask for monetary help from international organizations?
a. Greece b. United Kingdom c. Ireland d. Both A and C suffered from debt and received aid.