In a free market, the quantity demanded will not exceed the quantity supplied of a resource, even if it is undergoing rapid depletion.

When a country starts exporting a good, there is no change in the surplus enjoyed by the domestic consumers of the good

a. True b. False Indicate whether the statement is true or false

If U.S. residents want to buy more foreign bonds, then in the market for foreign-currency exchange the exchange rate

a. and the quantity of dollars traded rises. b. rises and the quantity of dollars traded falls. c. falls and the quantity of dollars traded rises. d. and the quantity of dollars traded falls.