The ratio of the price of good X on the horizontal axis to the price of good Y on the vertical axis is the ____ of the budget line

If a country's currency is determined only by the demand and supply for that country's currency, the country is said to have a

A) fixed exchange rate. B) gold standard. C) managed float. D) floating exchange rate.

Which of the following would be most likely to improve the standard of living of people in less-developed nations?

a. the development of strong labor unions b. an increase in foreign investment c. an increase in the share of the population under fifteen years of age d. higher tariffs and the imposition of other restraints designed to restrict international trade