If the exchange rate between the U.S. dollar and the Mexican peso went from $1 US = 9 peso to $1 US = 10 peso, then
a. American goods have become less expensive for Mexicans.
b. Mexican goods have become more expensive for Americans.
c. American goods have become more expensive for Mexicans.
d. American exports to Mexico are likely to increase.
C
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Incremental costs
a. are the total costs of abatement and regulation linked to environmental policy b. include only explicit costs c. refer to the change in costs associated with an environmental policy initiative d. include only implicit costs
In the housing market, rent control causes
A. quantity supplied and quantity demanded to fall. B. quantity supplied to fall and quantity demanded to rise. C. quantity supplied to rise and quantity demanded to fall. D. quantity supplied and quantity demanded to rise.
When the dollar appreciates, this shifts the AD curve leftward and the SRAS curve rightward, which will typically lead to an unchanged Real GDP
Indicate whether the statement is true or false
You lend a friend $10,000 for a year. At the end of the year your friend agrees to pay you $10,700. The interest rate on this loan is
A. 0.07%. B. 7.00% C. 107%. D. indeterminate from this information.