An increase in inflation in the United States relative to the rate in France would make:
a. U.S. goods relatively less expensive in the United States and in France.
b. French goods relatively less expensive in the United States and U.S. goods relatively more expensive in France.
c. French goods relatively more expensive in the United States and in France.
d. French goods relatively more expensive in the United States and U.S. goods relatively less expensive in France.
b
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All of the following would increase the growth rate of the economy EXCEPT
A) raising the saving rate. B) stimulating research and development. C) discouraging international trade. D) None of the above answers is correct because they all would increase the growth rate.
How does the imposition of a penalty for selling or possessing an illegal drug influence demand, supply, price, and the quantity of the drug consumed?
What will be an ideal response?