A country would tend to experience currency depreciation relative to other countries if:
a. the profitability of investments within the country increases relative to the rest of the world.
b. people in the foreign currency markets expect the value of the currency to rise in the near future.
c. the foreign demand for its exports decreases

The figure above shows the costs associated with producing paper. When paper is produced, there is some pollution runoff into a lake. If paper production is 4 tons per week, the outcome is ________

A) efficient because marginal benefit equals marginal private cost B) efficient because private and external costs are accounted for C) inefficient because only marginal external benefits are accounted for D) inefficient because marginal social cost exceeds marginal social benefit

President Franklin D. Roosevelt's first action regarding the run on banks was to

(a) close all banks. (b) increase the money supply. (c) prohibit bank foreclosures. (d) provide federal guarantees to depositors.