In the forex, the demand for dollars will increase if:
A. foreigners wish to buy U.S. goods.
B. foreigners wish to sell U.S. financial assets.
C. interest rates are equal in the US and abroad.
D. interest rates are lower in the U.S. relative to interest rates abroad.
Answer: A
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When the supply (curve) of a product increases,
A) suppliers change their plans. B) demanders change their plans. C) the price changes. D) all of the above occur. E) none of the above occur.
A country will grow faster if
What will be an ideal response?
Status quo bias is the:
A. general resistance to change, often stemming from loss aversion. B. inefficiency that stems from constant change. C. inefficiency that stems from anchoring and adjustment. D. general enthusiasm for change, often stemming from regression to the mean.
Let D = demand, S = supply, P = equilibrium price, Q = equilibrium quantity
What happens in the market for sushi if the Surgeon General announces that a majority of the raw fish that is imported to make sushi contains high levels of toxic mercury? A) D decreases, S no change, P and Q decrease B) S decreases, D no change, P increases, Q decreases C) D no change, S increases, P decreases, Q decreases D) D and S decrease, P and Q decrease