If the pound-dollar exchange rate changes from £0.60 per dollar to £0.65 per dollar, then the pound has ________ against the dollar and the dollar has ________ against the pound
A) depreciated; depreciated
B) appreciated; depreciated
C) appreciated; appreciated
D) depreciated; appreciated
D
You might also like to view...
Economic theory assumes elected and appointed government officials
A) place their personal or private welfare ahead of the public interest. B) place the public interest ahead of any personal or private interests of their own. C) are free to pursue the public interest because they aren't constrained by competition. D) respond to the anticipated costs and benefits to themselves of decisions contemplated.
The market supply curve shows the
A) minimum price suppliers must receive in order to produce another unit of the good. B) maximum price suppliers must receive in order to produce another unit of the good. C) amount of producer surplus suppliers receive. D) profit that suppliers receive from producing another unit of the good.
If Happy Campers has a market share of 70 percent and Campers R Us has a market share of 5 percent, according to Chinese law, Happy Campers ________ be considered a dominant firm and Campers R Us ________ be considered a dominant firm.
A) would; would B) would not; would C) would; would not D) would not; would not
Assume that the graph below describes the current labor market for nurses in a mid-sized city and that the labor market is perfectly competitive.
Suppose that several years ago the supply of nurses in this city was S0. What might explain the change from S0 to S1?
A. Increased immigration of people trained as nurses in other countries B. An increase in nurses' wages C. Increased employment opportunities outside of nursing D. A decrease in nurses' wages