As the dollar price of the euro increases
A) the demand for euros will increase.
B) the price of French goods will fall for U.S. residents.
C) French residents will purchase more U.S. goods.
D) U. S. residents will increase their travel to France.
Answer: C
You might also like to view...
The largest value the Herfindahl index can have is
a. 100, which would indicate a monopoly b. 100 for firms equal in size c. 100,000 d. 10,000 . which would indicate a pure monopoly e. infinity
The long-run average total cost curve represents:
a. the maximum cost of producing any level of output when all the factors are fixed. b. the lowest cost of producing any level of output when all the factors are variable. c. the maximum cost of producing any level of output when all the factors are variable. d. the lowest cost of producing any level of output when all the factors are fixed. e. the lowest cost of producing any level of output when at least one factor is fixed.
Higher standards of living are the result of
A) an increase in the availability of goods and services that people value. B) an increase in the general level of prices. C) trade restrictions that favor domestic industries over foreign competition. D) government subsidies that expand employment.
The key characteristic of macroeconomics is the process of aggregation.
Answer the following statement true (T) or false (F)