An economic recession in the United States would shift the demand for foreign currencies outward, that is, increase demand

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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Adding more resources to production causes

a. a downward movement along the production possibilities curve b. the production possibilities curve to shift in toward the origin c. an upward movement along the production possibilities curve d. the production possibilities curve to shift out from the origin e. the production possibilities curve to become positively sloped

Economics

If Billy's reservation price on a snowboard is $250, how many snowboards would he buy if the market price of snowboards is $500?

A. 0 B. 1 C. 2 D. The amount of snowboards purchased would depend on Billy's income.

Economics