In the market for euros, the demand for euros (€) is
A) downward sloping, because at lower dollar prices for the euro, U.S. residents will buy more European goods and services.
B) upward sloping, because at higher dollar prices for the euro, U.S. residents will buy more European goods and services.
C) upward sloping, because at higher dollar prices for the euro, Europeans will buy more U.S. goods and services.
D) horizontal, because dollar prices of euros and euro prices of dollars are directly related.
A
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Advances in technology and growth in human capital ________ because ________
A) shift the productivity curve downward; labor and capital become less productive B) shift the productivity curve upward; labor and capital become less productive C) shift the productivity curve upward; labor and capital become more productive D) do not shift the productivity curve; there is a movement along the productivity curve E) shift the productivity curve downward; labor and capital become more productive
For a natural monopoly, the efficient quantity is produced when the firm is regulated so that
A) P = ATC. B) P > ATC. C) P = MC. D) P > MC. E) P < MC.