As a result of the 2008-2009 financial crisis and the decrease in GDP in many European economies, we would expect
A) an increase in the demand for U.S. exports and a leftward shift in the demand curve for dollars.
B) a decrease in the demand for U.S. exports and a leftward shift in the demand curve for dollars.
C) a decrease in the demand for U.S. exports and a rightward shift in the demand curve for dollars.
D) a decrease in the demand for U.S. imports and a movement up along the demand curve for dollars.
Question 2
An economy produces only food and shelter. There are two individuals in the economy: Bill and Mary. Mary's opportunity cost of producing 1 unit of shelter is 2 units of food. Bill's opportunity cost of producing 1 unit of shelter is 4 units of food.
A) Bill has a comparative advantage over Mary in the production of shelter.
B) Mary has a comparative advantage over Bill in the production of food.
C) Mary has a comparative advantage over Bill in the production of shelter.
D) Bill has an absolute advantage over Mary in the production of shelter.
Variation in climatic conditions result in geographic variation in the distribution of biome types a
Gangrene of the toes and foot as a result of an infection often means eventual amputation.
Republican candidates John McCain and Sarah Palin campaign at Franklin & Marshall University in
President-elect Barack Obama, his daughters, and wife, Michelle, celebrate his victory in November 2
France has produced most of its energy from nuclear power since the oil crisis of the 1970s
European Mistletoe