As the U.S. dollar's foreign exchange value falls, we should expect to see
a. more Americans travelling abroad.
b. American import levels rising.
c. more foreigners visiting the United States.
d. increased foreign investment by American firms.
c
Economics
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When economists assume that people are rational and respond to incentives, they mean
A) people act with kindness. B) people act in their own self-interest. C) people are altruistic. D) people are selfish.
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A government-sponsored good is often
A) produced by the government. B) subsidized. C) taxed. D) advertised.
Economics