In the market for a foreign currency, a "weakening" of the dollar corresponds to a
A. larger supply of the foreign currency.
B. higher dollar price of foreign currency.
C. smaller demand for the foreign currency.
D. lower dollar price of foreign currency.
Answer: B
You might also like to view...
The demand for a product at a given time is defined as the
a. desire for it. b. sum spent on it. c. measure of total utility for it. d. amount that would be bought at various prices.
When the price of a textbook is $100, 60 copies are demanded; and when the price of that textbook goes up to $120, 30 copies are demanded. In the price range between $100 and $120, the demand for the textbook is
A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic.
Which theory explains the fact that some firms may choose to pay their employees more then they would earn as determined by equilibrium in the labor market?
a. the theory of efficiency wages b. the marginal-productivity theory c. human-capital theory d. signaling theory
The most likely complementary good for cereal would be:
A. milk. B. a bagel. C. a sub sandwich. D. pizza.