You are the Minister of Trade for a small island country with the following annual PPC:You are negotiating a trade agreement with a neighboring island with the following annual PPC:What's the minimum number of fish you would be willing to accept in exchange for a coconut?

An increase in the world relative demand for U.S. output causes

A) a short-run real depreciation of the dollar against the euro. B) a long-run real appreciation of the dollar against the euro. C) a long-run real depreciation of the dollar against the euro. D) a short-run real appreciation of the euro against the dollar. E) a long-run real appreciation of the euro against the dollar.

According to the search model, the marginal benefit of acquiring information about a product

a. is greater for a doctor than a nurse's aide b. is the same for high-income consumers as for low-income consumers c. is greater for expensive items than for cheap items d. is greater for cheap items than for expensive items e. increases as more information is acquired