When investors expect a country's currency to weaken in the future, they buy more of the currency and cause it to appreciate immediately

Because skills are costly to obtain, at a given wage rate, the

A) quantity demanded of high-skilled labor is less than the quantity demanded of low-skilled labor. B) quantity demanded of high-skilled labor is greater than the quantity demanded of low-skilled labor. C) quantity supplied of high-skilled labor is less than the quantity supplied of low-skilled labor. D) quantity supplied of high-skilled labor is greater than the quantity supplier of low-skilled labor.

The recent growth records of Japan and Hong Kong during the last fifty years indicate that a nation can grow rapidly without

a. securely defined property rights. b. adopting modern technology. c. significant capital formation. d. abundant domestic natural resources.