The best way to describe the international position of the U.S. dollar during the 1980's is
a. floating downward most of the time.
b. floating downward at first, and then rising sharply.
c. stable throughout the decade.
d. rising sharply during the first half of the decade, and then falling.
d. rising sharply during the first half of the decade, and then falling.
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What does the sign (positive/negative) of the cross elasticity of demand tell us about the relationship between two goods?
What will be an ideal response?
Access to the movie "Casablanca," showing in a half-empty theater, is
A) a public good because individuals watch movies together. B) a public good only if the theater is run by the government. C) not a public good because it is a rival good. D) not a public good because it is an exclusive good. E) not a public good because it is both a rival good and an exclusive good.