If foreign interest rates rise
A) the demand for domestic currency rises, causing it to appreciate.
B) the demand for domestic currency falls, causing it to depreciate.
C) the demand for domestic currency rises, causing it to depreciate.
D) the demand for domestic currency falls, causing it to appreciate.
B
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Which of the following is most likely to lead to an inward shift of the aggregate demand curve?
a. A decrease in the prices of raw materials b. A decline in foreign price levels c. A decline in the domestic price level d. An optimistic expectation about the economy's performance in the near future e. A decrease in foreign income
If you can produce more of something than others with the same resources, you have
A) a comparative advantage. B) an absolute advantage. C) an efficient production system. D) a free-market economy.