The higher the exchange rate, the
a. the lower the dollar cost of imported goods and the higher the demand for foreign exchange.
b. higher the dollar cost of imported goods and the lower the demand for foreign exchange.
c. higher both the dollar cost of imported goods and the demand for foreign exchange.
d. the lower both the dollar cost of imported goods and the demand for foreign exchange.
B
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When producers do not produce the efficient amount of a product because they are unable to charge consumers what they are willing to pay for it, then we have a:
A. Demand-side market failure B. Supply-side market failure C. Competitive market D. Monopolistic market
Income taxes and social insurance taxes comprise approximately what percentage of federal? revenues?
A. ?55% B. ?65% C. ?85% D. ?95%