A government policy of providing free public education is an example of a policy to promote economic growth by:

Suppose the manager of a store wants to know whether the product of the store across the street is a substitute for her product. In other words, she would need to know if the _____ for the products is positive

a. cross-price elasticity of demand b. price elasticity of demand c. income elasticity of demand d. price elasticity of supply e. cross-price elasticity of supply

If the United States experiences an economic boom, how will this affect the foreign exchange value of the U.S. dollar?

a. It will fall because other nations would be forced to raise their interest rates. b. It will fall because the United States will import more goods and services, leading to an increased demand for foreign currencies. c. It will rise because U.S. GDP would be rising faster than other countries. d. It will rise because the Fed will have to lower U.S. interest rates. e. It will rise because the United States will import more goods and services, leading to an increased demand for foreign currencies.