If the exchange rate is above equilibrium, there will be ________ in the foreign exchange market
A) a surplus
B) a shortage
C) a decrease in the demand for domestic currency
D) an increase in the demand for domestic currency
A
Economics
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Scarcity exists when:
A) a choice must be made among two or more alternatives. B) we face the notion of "all other things unchanged." C) countries and people find themselves facing poverty. D) the notions of normative economics come into play.
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Labor productivity is calculated by dividing GDP by
a. population. b. the price level. c. capital stock d. labor force.
Economics