When the price of a textbook is $100, 60 copies are demanded; and when the price of that textbook goes up to $120, 30 copies are demanded. In the price range between $100 and $120, the demand for the textbook is

Most countries in the world are classified as

A) advanced. B) in transition. C) developing. D) industrialized. E) emerging market.

Which of the following would cause the real exchange rate of the U.S. dollar to appreciate?

a. the U.S. government budget deficit decreases b. capital flight from the U.S. c. the U.S. imposes import quotas d. None of the above is correct.