Refer to Figure 17-2. If the wage rate is $20, how many workers should Becca hire?

An increase in foreign demand for U.S. exports will ____ the demand for U.S. dollars and cause the U.S. dollar to ____ in value

a. increase; appreciate b. increase; depreciate c. decrease; appreciate d. decrease; depreciate

If Scotland produces only mead, and England produces only ale, how many pints of ale would buy one pint of mead?

a. no fewer than the opportunity cost of mead in Scotland b. fewer than the opportunity cost of mead in Scotland c. fewer than the opportunity cost of mead in England d. as many pints of mead as you can buy with one pint of ale e. not enough information given