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Author Question: If the exchange rate ________, the quantity of dollars demanded ________ and there is a movement up ... (Read 65 times)

charchew

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on: Jun 29, 2018
If the exchange rate ________, the quantity of dollars demanded ________ and there is a movement up along the ________ curve for dollars.
 
  A) falls; increases; supply
  B) rises; increases; demand
  C) falls; decreases; demand
  D) rises; decreases; supply
  E) rises; decreases; demand

Question 2

What is gained when people engage in specialization and trade?
 
  A) Specialization and trade allow people to consume outside their individual production possibilities frontiers.
  B) Specialization and trade allow people to consume at a point on their production possibilities frontiers.
  C) Specialization and trade allow people to produce outside their individual production possibilities frontiers.
  D) Specialization and trade allow people to consume inside their production possibilities frontiers.
  E) There are no gains from specialization and trade.


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cpetit11

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

E

Answer to Question 2

A


charchew

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

nyrave

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

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