If a German student pays her way to attend Harvard University, her actions will
a. create a supply of dollars and a demand for Euros in the foreign currency market.
b. create a supply of Euros and a demand for dollars in the foreign currency market.
c. cause the German Euro to appreciate.
d. cause the U.S. dollar to depreciate.
B
Economics
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The table above has information about an economy. Using this information, GDP equals
A) $6,500 billion. B) $7,800 billion. C) $7,000 billion. D) $8,500 billion. E) some amount that cannot be calculated without information on the amount of government expenditures.
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Based on the theory of comparative advantage, nations maximize their well being when they
A) create more jobs. B) allocate resources more efficiently. C) increase trade surpluses. D) increase exports.
Economics