In order to import German goods into the United States, U.S. importers must buy those goods with German currency, i.e., Euros. Assume, all else constant, there is a decrease in the price of U.S.-made cars compared to the price of German cars
Based on this information, we can conclude, with certainty, that in the market for Euros (where the price of Euros is measured in dollars), this would cause: A) an increase in the equilibrium price of Euros.
B) a decrease in the equilibrium price of Euros.
C) an increase in the equilibrium quantity of Euros.
D) a decrease in the equilibrium quantity of Euros.
B
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If the expected future U.S. exchange rate falls, then in the foreign exchange market the current
A) supply of dollars decreases. B) demand for dollars increases. C) quantity supplied of dollars decreases. D) supply of dollars increases. E) quantity supplied of dollars increases.
Assume there are three players in a game, Tom, Dick, and Harry, and all three want to meet up at either at the Library or the Student Union, no player knows with certainty where the other two will go, and they will consider their mission a failure if
all three do not meet at the same location. Use a series of "if-then" statements to describe Tom's ideal strategies based on the possible choices of Dick and Harry. Explain if Tom has a dominant strategy?
An example of a positive externality is
A. Increased factory use of private sector robotics that came from government research. B. Increased business profits at a hardware store that benefited from a tornado. C. Increased health problems from air pollution. D. None of the choices are correct.
The least amount of money that a player will accept to play for a team is called the player's
A. marginal revenue product. B. minimum wage. C. reservation wage. D. average compensation.