The demand for foreign currency in the United States is a
A) direct demand.
B) derived demand based on the demand for U.S. products.
C) derived demand based on the demand for foreign products.
D) direct demand based on the demand for U.S. dollars.
C
You might also like to view...
Explain what a proportional tax is and provide an example
What will be an ideal response?
The marginal revenue curve for a monopoly firm starts at the same point on the vertical axis as the (i) average revenue curve. (ii) marginal cost curve. (iii) demand curve
a. (i) only b. (i) and (ii) only c. (i) and (iii) only d. (iii) only
According to the Incentive Principle, people will be less likely to smoke if the government:
A. invests more money in cancer research. B. increases taxes on smoking-cessation devices such as nicotine patches. C. increases taxes on cigarettes, effectively raising the price. D. subsidizes hospitals treating lung disease.
Which of the following statements about normative analysis is correct?
A. Normative analysis is concerned with what is. B. Normative analysis is concerned with what ought to be. C. Normative analysis should not involve value judgments. D. Normative analysis measures the costs and benefits of different courses of action.