In a graph showing the market supply and demand for British pounds in terms of U.S. dollars, the supply-of-pounds curve is upsloping because:
A. Fewer British pounds can be purchased per dollar if U.S. dollars become more expensive
B. Fewer U.S. dollars can be purchased per pound if the British pounds become less expensive
C. The British will purchase more U.S. goods or services when the dollar price of pounds rises
D. The British will purchase more U.S. goods or services when the dollar price of pounds falls
C. The British will purchase more U.S. goods or services when the dollar price of pounds rises
You might also like to view...
Refer to the accompanying figure. For the nation whose PPC is shown, it must be true that:
A. some of the nation's productive resources are better-suited to making milk, and some are better-suited to making movies. B. the nation has a comparative advantage in making milk. C. the nation's productive resources are better-suited to making milk than to making movies. D. the nation's productive resources are better-suited to making movies than to making milk.
The bond demand curve slopes downward because:
A. as bond prices fall bonds are less attractive. B. as bond prices fall so do yields. C. as bond prices rise yields increase. D. at lower prices the reward for holding the bond increases.
The low point in the business cycle is referred to as the
A. peak. B. expansion. C. boom. D. trough.
A sub-prime loan is
A. at a very high interest rate, sometimes as high as 30%. B. at a rate 1% above the prime rate of interest. C. at an interest below the prime rate of interest. D. the preferred loans of the very wealthy in the United States.