A decrease in tastes for European goods in the U.S. would ____ the demand for Euros, ____ the equilibrium price (exchange value) of Euros
a. increase; increasing.
b. increase; decreasing.
c. decrease; increasing.
d. decrease; decreasing.
d
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In a market economy, the real power in the market place is held by the
a. producer b. seller c. government d. consumer
A 5 percent tax is going to be applied to a $100,000 tax base. What can be said about the revenue collected assuming dynamic tax analysis?
A) The total revenue will be zero. B) The total revenue will be between $0 and $5,000. C) The total revenue will be $5,000. D) There is not enough information to determine what revenues will equal.
Use the above table. If firms 3 and 4 merge, the four-firm concentration ratio will
A. increase from 60 percent to 75 percent. B. decrease from 75 percent to 60 percent. C. increase from 75 percent to 80 percent. D. not change.
If a monopolist is able to practice perfect price discrimination, there will be no deadweight loss.
Answer the following statement true (T) or false (F)