Which of the following would lead to a decrease of the U.S. demand for euros?
a. A decrease in the U.S. interest rate, with no change in the European interest rate
b. An increase in U.S. GDP
c. Resurgence of interest in European precision tools
d. Expectations of a rise in the dollar price of the euro
e. A sudden increase in anti- European sentiment.
E
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International capital flows are purchases and sales of ____ across national borders.
A. goods B. financial assets C. services D. commodities
The demand curve illustrates the fact that consumers tend to purchase:
A. name-brand products more frequently than generic products. B. more of a good as its price falls. C. more of a good as their incomes rise. D. more of a good as it becomes more popular.
If firms in a monopolistically competitive market are earning negative economic profits, it is likely that:
A. firms will enter the market. B. firms will exit the market. C. the firms in the market will shut down immediately. D. the firms in the market will expand to try to capture lower costs per unit.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point A. The opportunity cost of moving from Point A to Point B is the
A. 30 LCD televisions that must be forgone to produce 60 additional OLED televisions. B. 90 LCD televisions that must be forgone to produce 20 additional OLED televisions. C. 30 LCD televisions that must be forgone to produce 20 additional OLED televisions. D. 120 LCD televisions that must be forgone to produce 40 additional OLED televisions.