If US consumers want to buy Chinese goods, they will

a. buy Yuans to sell US Dollars
b. Sell Yuans to buy US Dollars
c. Demand Yuan
d. Both a and c

d

Economics

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Suppose a bond promises to pay its holder $100 a year forever. The interest rate on the bond rises from 4 percent to 5 percent. The price of the bond

A) falls from $2,500 to $2,000. B) does not change because it is not affected by the interest rate. C) falls from $25,000 to $20,000. D) rises from $2,000 to $2,500.

Economics

Legislation that makes it illegal to require union membership as a condition of continuing employment is the

A) National Labor Relations Act. B) Wagner Act. C) Congress of Industrial Organizations. D) collection of right-to-work laws.

Economics