Using the above figure, an increase in the demand for Dutch goods by U. S. consumers will lead to
A) a depreciation in the Dutch currency.
B) an appreciation in the Dutch currency.
C) an increase in the supply of Dutch currency as foreign exchange.
D) a decrease in the supply of Dutch currency as foreign exchange.
B
You might also like to view...
The market to buy and sell organs:
A. would increase the well-being of those who interacted in it. B. would not be considered "missing," since surplus could be gained from it. C. would create negative surplus in those who could not afford an organ, but needed one. D. would never exist because it is unfair.
Depreciation is: a. income earned but not received
b. an allowance for the replacement of capital. c. income received but not earned. d. an indirect business tax.
If the government provides a subsidy in one industry and raises the tax revenue by taxing another industry, would, other things equal, cause welfare costs in both industries
a. True b. False Indicate whether the statement is true or false
Professor Milton Friedman stated that "inflation is a monetary phenomenon." What did he mean by this statement and what is the basis for this assertion?
What will be an ideal response?