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Author Question: What are the three basic economic questions that must be answered by all societies? What will be ... (Read 112 times)

frankwu

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on: Jun 29, 2018
What are the three basic economic questions that must be answered by all societies?
 
  What will be an ideal response?

Question 2

Currency traders expect the dollar to depreciate. What impact will this have on equilibrium in the foreign exchange market?
 
  A) The dollar will appreciate, and the equilibrium quantity of dollars will increase.
  B) The dollar will depreciate, and the equilibrium quantity of dollars exchanged will decrease.
  C) The dollar will appreciate, and the equilibrium quantity of dollars will decrease.
  D) The dollar will depreciate, and the change in the equilibrium quantity of dollars exchanged cannot be determined.


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zhanghao

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Reply #1 on: Jun 29, 2018
Answer to Question 1

(1.) What will be produced?
(2.) How will it be produced?
(3.) Who will get what is produced?

Answer to Question 2

D


frankwu

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

raenoj

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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