If Americans decide to buy more South African diamonds, what is the effect in the exchange market?
a. It will increase the supply of U.S. dollars

Which type of collective bargaining agreement requires workers to be union members prior to being considered for employment?

A) right-to-work B) union shop C) open shop D) closed shop

Suppose that an economy produces civilian goods and military goods. If technological breakthroughs increase its ability to produce military goods, then

a. fewer military goods will be produced b. more civilian goods will be produced c. the opportunity cost of producing military goods will rise d. there will be productive inefficiency in the economy e. the production possibilities frontier will pivot outward around the axis for military goods