A depreciation of the U.S. dollar relative to the euro would tend to
A) increase U.S. imports from Germany.
B) increase U.S. exports to Germany.
C) decrease U.S. exports to Germany.
D) increase both U.S. imports from Germany and U.S. exports to Germany.
B
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Price ceilings are designed to protect sellers, while price floors are designed to protect buyers.
Answer the following statement true (T) or false (F)
Which of the following statements best describes the trading characteristics of the United States and Japan?
a. The United States and Japan are extremely large economies that have comparatively many nearby trading partners, and quite high levels of trade by world standards. b. The United States and Japan are extremely large economies that have comparatively many nearby trading partners, and quite low levels of trade by world standards. c. The United States and Japan are extremely large economies that have comparatively few nearby trading partners, and quite high levels of trade by world standards. d. The United States and Japan are extremely large economies that have comparatively few nearby trading partners. Both countries actually have quite low levels of trade by world standards.
Suppose that there is an excess supply of economics professors. Should universities necessarily reduce salaries? What does standard economic theory suggest? What does efficiency-wage theory suggest?
Labor costs account for approximately ________ of total production costs.
A. three-fourths B. half C. one-fourth D. one-third