If the exchange rate goes from $2.00 = 1 € to $1.80 = 1 €, the result is a
A) 10% depreciation of the euro with respect to the dollar.
B) 10% depreciation of the dollar with respect to the euro.
C) 10% appreciation of the euro with respect to the dollar.
D) None of the above.
A
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A government-inhibited good is often
A) produced by the government. B) subsidized. C) taxed. D) advertised.
The demand for loanable funds curve is downward sloping because
a. as the interest rate falls business firms demand fewer loanable funds b. as the interest rate falls business firms demand more loanable funds c. as the interest rate rises business firms demand more loanable funds d. as the interest rate rises, the government demands more loanable funds e. as the interest rate rises, the government demands fewer loanable funds
The level of output produced by a monopolistically competitive industry: a. ensures profit in the long run. b. is productively efficient
c. causes a deadweight loss. d. is allocatively efficient.
Consider the nations of Brazil, Mexico, and Pakistan. Over the past century, which of these three nations has experienced, by far, slower economic growth than the other two nations?