The percent by which import prices rise when the home currency depreciates by 1% is the degree of
A) pass-forward from exchange rates to import prices.
B) pass-through from exchange rates to import prices.
C) pass-on from exchange rates to import prices.
D) roll-forward from exchange rates to import prices.
E) pass-beyond from exchange rates to import prices.
B
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Which of the following will cause the demand curve for gasoline to shift leftward?
a. An increase in the price of gasoline b. An increase in the price of cars c. A decrease in the price of gasoline d. A rightward shift of the supply curve of cars e. A leftward shift of the supply curve of gasoline
Consider an industry that produces an output Q with marginal private cost (MC) and marginal social cost (MSC) as given in the table:
Q MC MSC 1 2 4 2 4 7 3 6 10 4 8 13 5 10 16 Which of the following is TRUE? A) The production of each additional unit results in a larger marginal external cost. B) The production of each additional unit results in the same marginal external cost. C) The production of each additional unit results in a lower marginal external cost. D) There are no marginal external costs associated with the production of this good.
People from which nation were most likely to come to colonial North America as indentured servants?
a. England. b. Liberia. c. Germany. d. France.
How can an economy's consumption expenditures be larger than its national income?