Military expenditures in democratic nations may be _____
a. too low because politicians have long time horizons
b. too low because politicians have short time horizons
c. too high because politicians have long time horizons
d. too high because politicians have short time horizons
b
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As the price of labor increases relative to the price of capital, the firm will move to a more labor-intensive production method to minimize costs
Indicate whether the statement is true or false
If the interest rate in the United States rises
A) investors increase their demand for dollars and the U.S. exchange rate appreciates. B) investors increase their demand for dollars and the U.S. exchange rate depreciates. C) investors decrease their demand for dollars and the U.S. exchange rate appreciates. D) investors decrease their demand for dollars and the U.S. exchange rate depreciates.