The most important single factor in determining the exchange rate in the short run is

Using the data in the table above, the equilibrium quantity and equilibrium price for a stapler is

A) 10,000 and $8. B) 90,000 and $8. C) 100,000 and $5. D) 70,000 and $6. E) 60,000 and $5.

Suppose that a good that was formerly an import becomes an export, perhaps after an import substitution and export promotion strategy. How is this change reflected in the production possibility frontier?

What will be an ideal response?