Refer to the table below. Suppose that the Germans decide to import more products from the United States. Other things constant, the dollar price of a euro would be expected to:
The following table gives hypothetical data on the dollar price of Euros.
A. Increase and the dollar to depreciate
B. Decrease and the dollar to depreciate
C. Increase and the dollar to appreciate
D. Decrease and the dollar to appreciate
D. Decrease and the dollar to appreciate
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The main losers from inflation are those who
a. have significant assets in real property b. have fixed incomes c. have put their money in foreign banks d. sell products that have a quick turnover e. none of the above
Tariffs are highest in which sector internationally?
A) Agriculture B) Energy C) Technology D) Automobiles
If your income rises by 15 percent and, as a result, you buy more steak, then steak is a(n)
A) substitute. B) normal good. C) complement. D) inferior good.
Table 35.1CountryTons of SoybeansComputerChina100300United States150750Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. The output of computers and soybeans would be greatest if
A. China specialized in producing computers, while the United States specialized in producing soybeans. B. Both countries prohibited trade. C. The United States produced both goods and exported them to China. D. China specialized in producing soybeans, and the United States specialized in producing computers.