The economic philosophy that favors strict limits on imports and strong support for exports is called

Which of the following curves are U-shaped?

i. average variable cost curve ii. average fixed cost curve iii. average total cost curve A) i and ii B) i and iii C) ii and iii D) i, ii, and iii E) only ii

Refer to Figure 19-3. At what level should the Thai government peg its currency to the dollar to make Thai exports cheaper to the United States?

A) less than $.03/baht B) equal to $.03/baht C) greater than $.03/baht D) $1/baht