Refer to the figure above. If the yuan is allowed to float, at exchange rates below E yuan per dollar:
A) the excess supply of dollars in exchange for yuan increases the value of the dollar in the foreign exchange market.
B) the excess supply of dollars in exchange for yuan lowers the value of the dollar in the foreign exchange market.
C) the excess demand for dollars in exchange for yuan lowers the value of the dollar in the foreign exchange market.
D) the excess demand for dollars in exchange for yuan increases the value of the dollar in the foreign exchange market.
D
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In the United States since World War II, there has been
a. a dramatic increase in the population living in rural areas b. a decline in the number of women in the labor force c. a decrease in the opportunity cost of working in the home d. more specialization of production within households e. a dramatic increase in the number of married women in the labor force
Which component of consumption has a negative or indirect relationship with consumption?
A. Real income B. Wealth C. Expected future income D. Interest rates
A nondiscriminating monopolist will find that marginal revenue:
A. is less than average revenue or price. B. is identical to price. C. exceeds average revenue or price. D. is sometimes greater and sometimes less than price.
Microeconomics, as opposed to macroeconomics, includes the study of what determines the
A) unemployment rate in the United States. B) profitability of the airline industry. C) size of the federal deficit. D) rise or fall of the inflation rate.