Suppose we were analyzing the Turkish lira per euro foreign exchange market. If there is the expectation that the euro will fall in value in the near future. As a result of speculators' actions the:spot
a. Supply of euros in the foreign exchange market falls, and the demand for euros in the foreign exchange market falls, causing an uncertain change in the value of the euro.
b. Supply of euros in the foreign exchange market rises, and the demand for euros in the foreign exchange market falls, causing an appreciation of the euro.
c. Supply of euros in the foreign exchange market rises, and the demand for euros in the foreign exchange market rises, causing an uncertain change in the value of the euro.
d. Supply of euros in the foreign exchange market rises, and the demand for euros in the foreign exchange market falls, causing a depreciation of the euro.
e. Supply of euros in the foreign exchange market falls, and the demand for euros in the foreign exchange market rises, causing an appreciation of the euro.
.D
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The above table shows answers given by people interviewed in a government survey of households. Which individuals are considered to be a part of the labor force?
A) C and D B) B, C, and D C) A, C, and D D) A, B, and C
After browsing several pairs of shoes, Bob buys a pair of Nike running shoes. Economists would say that:
A. Bob is revealing his strong distaste for New Balance running shoes. B. Bob made a poor choice, if he really prefers Adidas. C. Bob will get more utility per dollar from the Nike running shoes than any other in the store. D. Bob is revealing he will always choose Nike over any other shoe brand.
A cross-country analysis of health expenditures and statistics suggests that expenditures (as a percentage of GDP) in the U.S. are ________ than the rest of the world, and that treatment in the U.S. is
A. higher; unambiguously worse in all areas. B. higher; unambiguously better in all areas. C. higher; less effective in some areas and more effective in other areas. D. lower; less effective in some areas and more effective in other areas.
Productivity
A. Falls when the value of output rises relative to the cost of inputs. B. Falls when factors of production cost more. C. Rises when the ratio of output to input increases. D. Rises when the value of output rises relative to the cost of inputs.