When you arrive at the airport in Paris and go to the bank window to exchange dollars into euros, you are
A) selling euros to the French.
B) avoiding the use of foreign exchange markets.
C) contributing to U.S. exports.
D) None of the above answers is correct.
D
You might also like to view...
From the late 1980s to 2000, the natural rate of unemployment
A) fluctuated up and down, following the path of the actual rate of unemployment. B) gradually declined. C) climbed sharply. D) held constant.
If V is constant and Y is fixed, any change in M
A) leads to a smaller change in P. B) leads to a proportionate change in P. C) leads to a larger change in P. D) does not lead to change in P.
If everyone agrees to a change, then the change will be a Pareto Superior move
a. True b. False
The Friedman-Savage utility function can explain why
A) people buy automobile insurance. B) somebody becomes addicted to gambling. C) people become more risk averse as their wealth increases. D) people place small bets to have a chance at winning a large amount.