As the U.S. dollar appreciates in value, the price of goods in foreign currency increases resulting in
A) Loss of market share. B) The decline in prices.
C) The demand for U.S. goods to decline. D) All of the above.
Answer: D
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Which of the following will cause an inward shift of the production possibilities curve of an economy?
A) A decrease in the demand for goods and services B) Introduction of better technology C) A decline in the size of the labor force D) An increase in the opportunity cost of the goods being produced
Individuals base their demand for an asset on
A) the expected return the asset offers compared with the returns offered by other assets. B) the riskiness of the asset's expected return. C) the asset's liquidity. D) the expected return, how risky that expected return is, and the asset's liquidity. E) the aesthetic qualities of the asset.