Which one of the following would create a demand for a foreign currency and supply of dollars in the foreign exchange market?
a. the sale of U.S. automobiles to a Mexican consumer
b. the spending by British tourists in the United States
c. the purchase of 1,000 shares of IBM stock by a Latin American investor
d. the purchase of Japanese televisions by an American distributor
D
Economics
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The process by which monopoly profits lead to technological progress in known as
A) economies of scale. B) destructive creation. C) imperfect competition. D) creative destruction.
Economics
One possible source of inefficiency in bargaining is
A) that there are multiple Nash equilibria. B) bounded irrationality. C) that the Nash product may be indeterminant. D) that the bargaining process takes time.
Economics