Demand for a country’s exports leads to demand for its currency.
Answer the following statement true (T) or false (F)
True
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Suppose India and France have the same PPF, shown in the figure above. Based on their current production points, which is India's most likely future PPF?
A) PPF1 B) PPF2 C) PPF0 D) either PPF0 or PPF1 E) None of the above because economic growth will not happen in India.
Which of the following will shift the aggregate supply curve upward?
a. A decrease in world oil prices b. Bad weather, which increases farmers' costs per unit of output c. Increases in consumer spending d. An increase in the price level e. Technological changes that improve worker productivity
In the long run, profits for a monopolistic competitor will be:
A. the same as the profits for a monopolist. B. the same as the profits for a purely competitive firm. C. slightly less than the profits of a monopolist. D. slightly more than the profits of a purely competitive firm.
The CPI in November 2016 was equal to 241.4. This means that $1,000 in
A. 1982-1984 had as much buying power as $241.40 in November 2016. B. 1982-1984 had as much buying power as $2,414 in November 2016. C. November 2016 had as much buying power as $2,414 in 1982. D. November 2016 had as much buying power as $241.40 in 1982.