What does the demand curve for British pounds tell us?
a. The quantity of pounds people will want to sell at each different exchange rate
b. The quantity of pounds people will want to buy at each level of output
c. The quantity of pounds people will want to buy at each different exchange rate
d. The quantity of pounds people will want to sell in each different time period
e. The quantity of pounds people will want to buy at each different interest rate.
C
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The extra benefit resulting from a small increase in an activity is called the
A) opportunity cost. B) marginal benefit. C) diminishing returns of the activity. D) marginal cost.
Under NAFTA, environmental standards are
A) harmonized around Mexican rules. B) harmonized around U.S. rules. C) harmonized around Canadian rules. D) harmonized around a combination of the rules in all three countries. E) not harmonized.