If Japanese tourists visit Disney World, what is the effect in the foreign exchange market?
a. It will increase demand for Japanese yen.
b. It will decrease demand for Japanese yen.
c. It will increase supply of Japanese yen.
d. It will decrease supply of Japanese yen.
C
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Looking at the U.S. balance of payments for the last two decades, how have the current account and the capital and financial account changed?
What will be an ideal response?
What is the law of demand?
What will be an ideal response?
The interest rate you typically earn on a deposit at a bank:
A. represents the price of your loan. B. represents the risk of investing. C. is the opportunity cost to you of lending money. D. is the opportunity cost to a bank of lending money.
Governments may attempt to protect dairy farmers from low milk prices by:
A. reducing subsidies on the price of milk. B. increasing taxes on dairy farmers. C. setting a minimum price on milk. D. banning the hoarding of milk by households.