If the exchange rate falls from 120 yen per dollar to 110 yen per dollar, the dollar has depreciated

Indicate whether the statement is true or false


TRUE

Economics

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If the demand and supply curves are described by the following equations P = a - bQ and P = c + dQ, respectively, the equilibrium price is P* = (ad + bc) / (b + d)

Indicate whether the statement is true or false

Economics

An exchange rate is

A) the price of one currency in terms of another. B) the monetary value of goods and services exchanged for imports. C) the amount of gold a currency will buy. D) All of the above.

Economics

When a firm experiences declining long-run average total costs as it produces more output, there are

A) increasing marginal returns to variable inputs. B) economies of scale. C) diseconomies of scale. D) constant returns to scale.

Economics

All of the following are designed to reduce health care expenses for consumers except:

A. HMOs. B. PPOs. C. the DRG payment system. D. the fee-for-service system.

Economics