If the dollar-per-pound exchange rate decreases,
a. British goods become more expensive to the British.
b. British goods become more expensive to Americans.
c. British goods become less expensive to Americans.
d. British goods become less expensive to Europeans.
e. none of the above.
C
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If the dollar appreciates against the Canadian dollar at a faster rate than the Canadian inflation rate exceeds the U.S. rate, then the U.S. dollar appears
A) depreciated. B) overvalued. C) undervalued. D) None of the above.
Direct finance involves the sale to ________ of marketable securities such as stocks and bonds
A) households B) insurance companies C) pension funds D) financial intermediaries
Suppose a man and a woman are in love and care for the other's happiness as well as their own consumption. Suppose the man is more selfish than the woman UM = CM2/3 UW1/3 UW = CW1/2 UM1/2 They will maximize the joint happiness (UM + UW) where
a. CM = 100; CW = 0 b. CW = 100; CM = 100 c. 50 < CM < 100; 0 < CW < 50 d. 50 < CW < 100; 0 < CM < 50
Are there key differences between an increase in the capital stock and an improvement in the level of technology?
What will be an ideal response?