A fall in the demand for U.S. exports would result in a rise in the exchange rate when
a. there is no capital mobility and exchange rates are allowed to float.
b. there is capital mobility.
c. exchange rates are allowed to float.
d. the country has a balance of payments surplus.
e. both c and d.
C
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As more workers are added to a factory with few employees, ________________rises.
Fill in the blank(s) with the appropriate word(s).
What is the more efficient choice: sending one's child to John Q. Public High School at zero dollar tuition or to Purebred Prep School at several thousand dollars a year?
A) High school, because it's much cheaper. B) Prep school, because it's much higher in quality of instruction. C) Prep school, because what matters most is not what you know, but who you know. D) It depends on the decision makers' own evaluations of cost and benefit.