Yesterday the exchange rate was €1 = $1.30, and today it is €1 = $1.35. In this case the dollar has appreciated.
Answer the following statement true (T) or false (F)
False
The dollar has depreciated because today it can be converted into fewer euros; in other words, it takes more dollars to get the same amount of euros.
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Consumers expect that the price of a gallon of gasoline will rise next week. As a result
A) today's supply of gasoline increases. B) today's demand for gasoline increases. C) the price of a gallon of gasoline falls today. D) next week's supply of gasoline decreases.
If we observe that when a consumer's income rises by 10%, the quantity demanded of chocolate candy bars increases by 15%, then chocolate candy bars are are a normal good for that consumer
a. True b. False Indicate whether the statement is true or false
Suppose the accompanying table describes the relationship between price and quantity demanded for a monopolist. QuantityPrice1$102$93$84$75$66$57$48$3If the marginal cost of producing each unit of output is $5, then the socially optimal level of output is ________.
A. 4 units B. 7 units C. 3 units D. 6 units
From 1973 to 1995, the growth rate of labor productivity in the United States was approximately
A. ?0.8 percent. B. 1.4 percent. C. 2.9 percent. D. 5.1 percent.