In January 2001, the euro/dollar exchange rate was 1.10, and in January 2002, the euro/dollar exchange rate was 1.120 What happened to the exchange rate during this period?
A) Euro appreciated against the dollar.
B) Euro depreciated against the dollar.
C) Dollar appreciated against the euro.
D) Both B and C.
D
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An inward shift of the production possibilities curve
A. represents an economic decline. B. means that the previous levels of production are now unobtainable except under unusual circumstances such as war. C. means that the economy can produce more of both goods. D. represents an economic decline AND means that the previous levels of production are now unobtainable except under unusual circumstances such as war.
All of the following are aspects of macroeconomics EXCEPT
A) the U.S. unemployment rate. B) the production decisions of a pharmaceutical firm. C) the budget deficit of the United States. D) foreign trade.
The labor-market-supply curve illustrates that, as the wage rate increases, the number of hours that each person is willing and able to work rises
a. True b. False Indicate whether the statement is true or false
____ mean that the costs involved cannot be recouped for a considerable period of time
a. Sunk costs b. Opportunity costs c. Overheads d. Restructuring costs