If it takes more dollars to acquire one unit of a foreign currency,
A) the quantity of U.S. good that the foreign country will by will decrease
B) the foreign currency has depreciated.
C) the dollar has depreciated.
D) the dollar has appreciated.
C
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How do economists define efficiency? Elaborate.
What will be an ideal response?
If the price of a good increases, the quantity supplied will
A. increase. B. decrease. C. not change. D. quantity supplied is unchanged, but the supply will increase.
If a state requires all drivers to purchase auto insurance, insurance companies still face the problem of
A) sunk costs. B) excess demand for their insurance. C) correctly pricing their insurance. D) adverse selection.
If a change in technology improves the marginal productivity of capital, the
a. supply of capital will increase b. supply of capital will decrease c. demand for loanable funds will increase d. demand for loanable funds will decrease e. supply of loanable funds will increase