Refer to Figure 18-2. Which of the events below cause the shifts in the supply and demand curves in the market for dollars against the British pound shown in the graph above?
A) Interest rates rise in the United States. B) Real income falls in England.
C) Real income rises in the United States. D) Interest rates rise in England.
D
Economics
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If in market equilibrium the marginal social cost of producing a good exceeds the marginal private cost,
a. not enough of the product is being produced b. the price charged for the good is too high c. the good produces a positive externality d. the good produces a negative externality e. the government should produce the good
Economics
International trade allows a country's consumption possibilities to exceed its production possibilities.
Answer the following statement true (T) or false (F)
Economics