The U.S. dollar will appreciate in value if
A) the demand curve for U.S. dollars shifts rightward.
B) the demand curve for U.S. dollars shifts leftward.
C) the supply curve of U.S. dollars shifts rightward.
D) Americans choose to buy more foreign goods.
A
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A simplified representation of a complicated situation is:
A. cutting corners. B. a model. C. useless without adding fine details. D. econometrics.
In what way is the result of an excise tax imposed on either demanders or suppliers similar to the result of a price floor?
a. The amount that consumers pay for the good will be less than they previously paid b. The amount of the good that will be traded in the market will be greater than previously traded c. both price floors and excise taxes create excess demand d. The amount that consumers pay for the good will be greater than they previously paid e. Both price floors and excise taxes create excess supply
Which of the following are primary functions of a central bank?
I. act as a regulator of banks II. issue government bonds III. set monetary policy IV. regulate dividend payments by corporations A) I, II, III, and IV B) I, II, and III C) I and III D) I and II
All of the following are reasons for economies of scale EXCEPT
A. specialization. B. dimensional factors. C. diminishing marginal product. D. more efficient production equipment.