The appreciation of the dollar will make U.S. goods ________ to foreigners and make imports ________ for U.S. residents.
A. more expensive; more expensive
B. cheaper; cheaper
C. more expensive; cheaper
D. cheaper; more expensive
Answer: C
Economics
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John Maynard Keynes created the aggregate expenditures model based primarily on what historical event?
A. Bank panic of 1907. B. Great Depression. C. Spectacular economic growth during World War II. D. Economic expansion of the 1920s.
Economics
The amount of a good that must be given up to produce another good is the concept of:
A. scarcity. B. specialization. C. opportunity cost. D. efficiency.
Economics