Refer to the scenario above. Which of the following will happen if her husband quits his job to look after their son instead of Sarah?
A) The country's GDP will remain unchanged. B) The country's GDP will increase.
C) The country's trade deficit will increase. D) The country's trade surplus will increase.
Mike's housekeeper charges $30 for mowing his lawn.
A
Economics
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Everything else held constant, when a country's currency appreciates, the country's goods abroad become ________ expensive and foreign goods in that country become ________ expensive
A) more; less B) more; more C) less; less D) less; more
Economics
An effective government imposed price ceiling will result
A) in a surplus on the market. B) in a shortage on the market. C) in additional revenue for the government. D) in prices for the product falling in the future.
Economics