People who live in countries with ________ average incomes generally live __________ lives.

A factor that helps to determine the demand for the dollar in the foreign exchange market is

A) the expected future exchange rate. B) the expected future interest rate. C) the amount of U.S. imports. D) the supply of U.S. dollars.

Which of the following is an example of a normative, as opposed to positive, statement?

a. Gasoline prices ought to be lower than they are now. b. The federal government should raise taxes on wealthy people. c. The social security system is a good system and it deserves to be preserved as it is. d. All of the above are normative statements.