As the price of foreign exchange decreases relative to the U.S. dollar,
a. U.S. products become cheaper for foreigners
b. foreign goods become cheaper for Americans
c. more foreign currency is required to purchase a U.S. dollar
d. the U.S. demand curve for foreign exchange shifts to the right
e. the supply curve of foreign exchange to U.S. markets decreases
B
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Suppose that FDI has "spillover" benefits for the recipient nation (such as spurring technological innovation, more FDI, or growth in labor productivity). These spillover effects might help explain why:
a. in Singapore, wages fell in the short run. b. in Singapore, wages fell and returns to capital rose in the long run. c. in Singapore, wages rose and, depending on the calculation used, returns to capital were close to original levels in the long run, which contradicted the HO model. d. in Singapore, absolutely nothing changed in either the short or the long run.
The table above shows the demand and costs for a single-price monopolist. The firm can maximize its profit by selling
A) 0 units. B) 20 units. C) 40 units. D) 60 units.