Author Question: The demand for dollars is downward sloping because when dollar value rises, a. Foreigners demand ... (Read 42 times)

bb · **on:** Jul 1, 2018

The demand for dollars is downward sloping because when dollar value rises,
a. Foreigners demand more of US goods and services
b. Foreigners demand less of US goods and services
c. Foreigners demand more dollars
d. It does not depend on the dollar value

Question 2

According to the theory of cost, specialization in the use of variable resources in the short-run results initially in:
a. decreasing returns and declining average and marginal costs
b. increasing returns and declining average and marginal costs
c. increasing returns and increasing average and marginal costs
d. decreasing returns and increasing average and marginal costs
e. none of the above