If the value of the U.S. dollar changes from 1.2 euros to 1.4 euros, we would expect that the United States would experience a ________ in exports and a ________ in imports

Assume an income tax was doubled. Describe what would happen to labor supply and leisure. Can we be about the net effect on labor supply?

What will be an ideal response?

Collusion is most likely to succeed when there are ___________ firms in an industry.

Fill in the blank(s) with the appropriate word(s).