The demand curve for foreign exchange is
a. downward sloping.
b. upward sloping.
c. horizontal because no individual country can influence the price of foreign exchange.
d. dependent on the supply of foreign exchange.
a. downward sloping.
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A price support directly sets the
A) amount of production. B) subsidy the government must receive from producers. C) equilibrium quantity. D) lowest price for which the good may be sold. E) highest price for which the good may be sold.
The type of unemployment most likely to be experienced by a touring professional golfer is: a. frictional unemployment
b. structural unemployment. c. seasonal unemployment. d. cyclical unemployment. e. discouraged-worker unemployment.
Other things the same, if the price level rises by 2% and people were expecting it to rise by 5%, then some firms have
a. higher than desired prices, which increases their sales. b. higher than desired prices, which depresses their sales. c. lower than desired prices, which increases their sales. d. lower than desired prices, which depresses their sales.
Which of the following firms have no market power?
A. clothing companies B. fast food chains such as McDonald's C. theme parks D. gold panners during the gold rush