Human wants:
a. are unfilled only in the poorer countries of the world.
b. can be completely satisfied by advancing technology.
c. can never be fully satisfied.
d. only apply to necessities.
e. exist only if we are selfish.
c
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If a 10% increase in the price of one good results in no change in the quantity demanded of another good, then it can be concluded that the two goods are
A. complements. B. substitutes. C. inferior. D. unrelated.
Assuming a fixed exchange rate, a decrease in U.S. prices relative to European prices will:
a. decrease European exports to the United States. b. increase U.S. imports from Europe. c. decrease aggregate spending in the U.S. d. not affect U.S. exports or imports. e. raise the purchasing power of U.S. consumers.
Consumer surplus increases whenever the price of a good increases
a. True b. False Indicate whether the statement is true or false
Using the UIP equation, what would happen to the spot rate for euros if the interest rate on U.S dollars deposits rises ceteris paribus?
A) the spot rate for euros would rise B) the spot rate for euros would fall c) the spot rate for euros would be unchanged d) all of the above could happen