When a currency depreciates, its value has
A) been fixed against the value of another country.
B) fallen against another currency.
C) remained constant against that of another currency.
D) risen against another currency.
E) fluctuated around a particular value.
B
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Which of the following shifts the demand curve for oranges?
A) disastrous weather that destroys about half of this year's orange crop B) a decrease in the price of a pound of bananas, a substitute in consumption for oranges C) an increase in the price of the fuel used to transport oranges to supermarkets D) great weather that produces a bumper orange crop this year
S & S Backhoe Service in Ozark, Arkansas rents backhoes and other heavy equipment to local construction companies. What determines the demand for backhoes in Arkansas?
A) The rental rate for backhoes B) The equilibrium quantity of backhoes C) The value of marginal product of backhoes D) The maximum number of backhoes available to rent
Refer to the Article Summary. All else equal, if countries decide to enact protectionist measures against Chinese steel imports, the price of steel in those countries will ________ and the quantity of steel demanded in those countries will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
The demand for education is determined by the
a. demand for human capital. b. demand for nonhuman capital. c. supply of human capital. d. supply of nonhuman capital.