Suppose two demand curves intersect and so have a point in common. At that point, demand shown by the steeper curve will be ________ the flatter curve.

U.S. and European immigration policies are best described as welcoming:

a. all foreign workers. b. foreign workers in most industries. c. foreign workers in select industries. d. no foreign workers.

Compare the macroeconomic performances in the 1990s of the following countries under the following exchange-rate regimes: floating exchange rates, Mexico and Brazil; capital control, China and Malaysia; and currency boards, Estonia and Hong Kong;

dollarization, Argentina.