An increase in the foreign price of the U.S. dollar is called:
a. depreciation of the U.S. dollar.
b. appreciation of the U.S. dollar.
c. appreciation of the foreign currency.
d. readjustment of the U.S. dollar.
e. readjustment of the foreign currency.
b
You might also like to view...
When the government imposes a tariff on imported goods, it _____________ prices for domestic consumers, ________________ consumers' surplus and _________________ the producers' surplus for domestic producers.
A. raises; lowers; raises B. lowers; raises; raises C. lowers; raises; lowers D. raises; lowers; lowers E. none of the above
In the GDP accounts production equals
a. income. b. income + saving. c. income - government expenditures. d. income - imports.
If the quantity of money demanded exceeds the quantity of money supplied, then
A. you can make no conclusions about the relative supply and demand of nonmonetary assets. B. the quantity of nonmonetary assets demanded will still equal the quantity supplied, all else being equal. C. the quantity of nonmonetary assets supplied exceeds the quantity demanded. D. the quantity of nonmonetary assets demanded exceeds the quantity supplied.
Refer to the graph below representing the market demand curve for a monopolist’s output. Which of the following quantities shown on the graph should the monopolist produce if it wishes to maximize its total revenue?
a. 900
b. 1,000
c. 1,100
d. Any of the above because total revenue does not change with a change in production.