Holding other things constant, if the US dollar appreciates, it makes the US exports
a. Less attractive to foreigners
b. More attractive to foreigners
c. Neither more nor less attractive to foreigners
d. None of the above
a
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Items bought by businesses to help produce other goods and services are called
A) capital goods. B) exports of goods and services. C) government goods and services. D) productive goods. E) consumption goods and services.
What is a market failure?
A) It refers to the inability of the market to allocate resources efficiently up to the point where marginal social benefit equals marginal private cost. B) It refers to a breakdown in a market economy because of widespread corruption in government. C) It refers to the inability of the market to allocate resources efficiently up to the point where marginal social benefit equals marginal social cost. D) It refers to a situation where an entire sector of the economy (for example, the airline industry) collapses because of some unforeseen event.