If a country begins to import more of a commodity, one can normally expect the price of the commodity to
a. remain unchanged in that nation.
b. rise and then fall below where it was originally.
c. rise in that nation.
d. drop in that nation.
d
Economics
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Which of the following would be most likely to cause an appreciation of the dollar relative to foreign currencies?
a. higher domestic interest rates b. a reduction in the rate of inflation abroad c. a shift to a more expansionary monetary policy d. rapid growth of income in the United States
Economics
Suppose you put $10,000 into a bank account today that pays interest annually at an annual rate of 0.5%. What is the future value of the $10,000 after 10 years?
a. $10,050.00 b. $10,511.40 c. $10,573.26 d. $16,288.95
Economics