Today, one U.S. dollar exchanges for 1.10 euros. The next morning the same dollar exchanges for 1.07 euros. We can conclude that the dollar has ________ and the euro has ________
A) depreciated; appreciated
B) appreciated; appreciated
C) appreciated; depreciated
D) depreciated; neither appreciated nor depreciated
E) depreciated; depreciated
A
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The growth rate in potential GDP is equal to the growth rate in the population.
Answer the following statement true (T) or false (F)
Why do firms practice price discrimination?
If an economy can produce a maximum of 10 units of good X and the opportunity cost of 1X is always 2Y, then what is the maximum units of good Y the economy can produce?
A) 5 B) 200 C) 20 D) 500 E) none of the above
Suppose the government imposes a small carbon tax on automakers. But the price of gasoline has doubled due to a Middle East crisis which has reduced oil production. In the market for autos, these changes mean that supply and demand have both changed with the effect on the demand larger than the effect on the supply. The result is that the price of autos will ________ and the number of autos sold will ________
Fill in the blank(s) with correct word.