The exchange rate for one euro goes from $0.87 to $1.21. This change will result in:
A. An increase in American exports to France
B. An increase in French exports to the United States
C. American goods becoming more expensive for the French
D. French goods becoming less expensive to Americans
A. An increase in American exports to France
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Jenny likes chocolates. One day, a friend offers her a chocolate bar and she is extremely happy on receiving it. As the day progresses, many other people also buy her chocolate
As she gets more and more chocolates, her excitement on receiving each bar is seen to gradually lessen. Which economic principle is reflected in this example? A) The Law of Increasing Willingness to Pay B) Aggregation of demand behavior C) The Law of Diminishing Marginal Benefit D) The Law of Equi-Marginal Utility
Functional divisions
a. Make it easier to tie pay to performance b. Make it more difficult to tie pay to performance c. Break all ties between pay and performance d. None of the above
When a firm is able to put idle equipment to use by hiring another worker,
a. variable costs will rise. b. variable costs will fall. c. fixed costs will fall. d. both fixed costs and variable costs will rise.
When U.S. net exports fall, which decreases the aggregate quantity of goods and services demanded, the dollar must have
a) depreciated b) reciprocated. c) appreciated. d) equivocated.