A depreciation in the value of the U.S. dollar would:
a. encourage foreigners to travel on American owned airlines.
b. make U.S. goods more expensive to foreign consumers.
c. decrease the number of dollars it takes to buy a Swiss franc.
d. make it more expensive for U.S. citizens to travel abroad.
d
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Commonwealth v Hunt was a pivotal case in labor history, since it marked the first time in which unions and some of their activities were not found illegal
Indicate whether the statement is true or false
If the opportunity cost of a unit of current consumption is exactly 1 unit of future consumption then you must sacrifice $10 of current consumption to finance
A. $1 of future consumption. B. $10 of future consumption. C. $11 of future consumption. D. $9 of future consumption.
If the income elasticity for lobster is 0.4, a 40 percent increase in income will lead to a:
A. 16 percent increase in demand for lobster. B. 10 percent drop in demand for lobster. C. 4 percent increase in demand for lobster. D. 20 percent increase in demand for lobster.
If GDP is revised downward as a result of the revision, the debt-to-GDP ratio will _________; on the other hand, if GDP is revised upward or there is no change, then the ratio will _________.
Fill in the blank(s) with the appropriate word(s).