The demand curve for a product will shift rightward when the price of a substitute decreases

Countries that borrow large amounts of money from foreign lenders prefer to:

A) hold an undervalued currency. B) hold an overvalued currency. C) have a high rate of unemployment. D) have a low rate of inflation. Suppose India borrows $10,000 from the U.S. at the beginning of 2012. The flexible exchange rate is 50 Indian rupees per dollar.

A lump-sum tax per unit on imports is known as

a. a specific tariff b. an effective tariff c. a specific quota d. an effective quota e. an ad valorem quota