Suppose the exchange rate in the year 2010 was 4 yuan per dollar and in 2011 the exchange rate fell to 3 yuan per dollar
If the price of a Chinese sweater was 120 yuan in both years, the new dollar price in 2011 would be ________ and imports of Chinese sweaters would ________.
A) $30; increase
B) $40; increase
C) $40; decrease
D) $30; decrease
E) $40; stay the same because the price stayed the same at 120 yuan
C
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The U.S. poverty rate over the last 10 years has been between _____%.
A. 6-11 B. 11-16 C. 16-21 D. 21-26
Based on the graphic for perfect competition versus monopoly, the producer surplus for monopoly is ______ the welfare for monopoly.
a. greater than
b. less than
c. equal to
d. the opposite of
The Fed conducts reverse repurchase agreements with:
A. banks only. B. the federal government only. C. banks and financial institutions other than banks. D. only financial institutions that are not banks, such as the federal government.
Refer to Figure 29-3. Consider the market for U.S. dollars against the Japanese yen shown above. An event which could have caused the changes shown in the graph would be
A) an economic expansion in the United States. B) an increase in U.S. real income. C) a decrease in Japanese interest rates. D) speculators expect the dollar to depreciate in value in the near future.