Robert uses his drawing skill to create medical illustrations for a company that makes medical equipment. Robert’s drawing skill is an example of ______.

a. scarcity
b. a resource
c. an output
d. an aggregate

b. a resource

Economics

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The demand curve for U.S. dollars slopes downward because as the dollar ________ U.S. goods become ________ expensive to foreign residents, so they purchase fewer U.S. goods, and the quantity of dollars demanded decreases

A) appreciates; more B) appreciates; less C) depreciates; more D) depreciates; less

Economics

The regulatory lag:

A) always benefits the regulated firm. B) is likely to occur with rate-of-return regulation. C) promotes economic efficiency. D) all of the above

Economics