Which of the following could decrease the demand for yen in the foreign exchange market?
a. a higher inflation rate in Japan
b. higher interest rates in Japan
c. lower prices in the U.S.
d. a depreciation of the dollar
e. an appreciation of other currencies
A
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In the figure above, using the midpoint method, the price elasticity of demand when the price falls from $6 to $5 is equal to
A) 2.50. B) 1.63. C) 1.10. D) 0.91. E) 1.00.
If a bond pays a fixed return of $500 a year and the current interest rate has risen from 5 percent to 10 percent, then the bond price must have:
a. risen from $25 to $50. b. fallen from $50 to $25. c. risen from $5,000 to $10,000. d. fallen from $10,000 to $5,000. e. risen from $1,000 to $5,000.
Voluntary programs, direct controls, and emissions taxes are all equally effective ways of controlling pollution.
Answer the following statement true (T) or false (F)
Figure 7-6
Between $3 and $4, the price elasticity of the demand curve depicted in is
a.
relatively inelastic.
b.
approximately equal to -0.33.
c.
approximately equal to -3.
d.
both a and b.