The relative price of one currency in terms of another is known as the ________
A) nominal exchange rate
B) real exchange rate
C) domestic price level
D) real interest rate
A
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More than 50 percent of all U.S. school children are bused to school
Indicate whether the statement is true or false
The operation of the total economy can best be demonstrated by a
a. merry-go-round. b. circular flow. c. Ferris wheel. d. roller coaster.
According to the law of demand, if the price of movie rentals decreases, ceteris paribus,:
a. the demand for movie rentals would increase. b. the quantity demanded of movie rentals would decrease. c. the quantity demanded of movie rentals would increase. d. the demand for movie rentals would decrease. e. the quantity demanded of movie rentals would not change.
If a nation's currency depreciates, this will tend to
a. shift a nation's balance of trade toward a deficit. b. cause a deficit in the government's budget (expenditures - revenues). c. make foreign goods more expensive for the nation's citizens. d. make foreign goods cheaper for the nation's citizens.