What does it mean when the dollar appreciates? What does it mean when the dollar depreciates?
What will be an ideal response?
If the dollar appreciates with respect to another currency, a dollar buys more units of the other currency than before. The opposite is true for a depreciation—a dollar buys less of the other currency than before.
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Bella can produce either a combination of 60 silk roses and 80 silk leaves or a combination of 70 silk roses and 55 silk leaves. If she now produces 60 silk roses and 80 silk leaves, what is the opportunity cost of producing an additional 10 silk roses?
A) 2.5 silk leaves B) 10 silk leaves C) 25 silk leaves D) 55 silk leaves
The acronym NASDAQ (one of the stock exchanges) stands for
A. National Academy of Stock Dealers Automated Quotations B. New American Securities Dealers Automated Quotations C. National Association of Securities Dealers Automated Quotations D. North American Stock Dealers Automated Quotations
A perfectly competitive firm faces a demand curve that is: a. horizontal and perfectly inelastic. b. horizontal and perfectly elastic. c. vertical and perfectly inelastic
d. vertical and perfectly elastic.
How will an increase in lumber prices influence the home construction market?
a. The demand for newly constructed homes will increase. b. The demand for newly constructed homes will decrease. c. The supply of newly constructed homes will increase. d. The supply of newly constructed homes will decrease.