A. An increase in the quantity of labor and capital
B. An increase in labor productivity
C. An increase in the money supply
D. An increase in technology
A. People want less crime
B. People want to be happier
C. People want a better environment
D. People want higher incomes and more consumer goods.
A. it allows countries to exploit their comparative advantage, more fully
B. firm could more readily exploit
C. economies of scal
D. it intensified competition
E. it is easier to book holidays in member countries
A. a nominal exchange rate, floated
B. a real exchange rate, pegged
C. a purchasing power parity, pegged
D. a real exchange rate, floated
A. appreciate
B. depreciate
C. revalue
D. be in short supply
A. depreciation
B. appreciation
C. fall
D. devaluation
A. enhances
B. undermines
C. encourages
D. facilitates
A. increased
B. unaffected
C. reduced
D. None of these
A. current account
B. interest rate
C. tax
D. price
A. increase
B. reduce
C. do nothing to
D. None of the above