In the market for euros, the supply of euros (€) is
A) downward sloping, because lower dollar prices of euros mean that U.S. goods are cheaper to Europeans.
B) downward sloping, because higher dollar prices of euros mean that U.S. goods are cheaper to Europeans.
C) upward sloping, because higher dollar prices of euros means that U.S. goods are cheaper to Europeans.
D) upward sloping, because lower dollar prices of euros means that U.S. goods are cheaper to Europeans.
Answer: C
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Many economists believe that our price indexes ________ the true inflation rate
A) minimize B) overstate C) understate D) perfectly measure
The money multiplier yielded by the deposit-creation formula assumes that
A. banks hold no excess reserves. B. banks hold excess reserves. C. recipients of loans take some of the proceeds in cash. D. recipients of loans do not redeposit their funds in other banks.
The graph above shows cost curves for a perfectly competitive firm. If market price is $5, how much output will the firm produce?
A. 600 units B. 500 units C. 0 units D. 200 units
Figure 4-20
Refer to . The price that sellers receive after the tax is imposed is
a.
$8.
b.
$6.
c.
$5.
d.
$3.