The exchange rate changed from € 2.5/ $ to € 2.0/ $. Therefore:
a. The euro appreciated by 25% and the dollar depreciated by 20%.
b. The euro depreciated by 25% and the dollar appreciated by 20%.
c. The euro appreciated by 20% and the dollar depreciated by 25%.
d. The euro depreciated by 20% and the dollar appreciated by 25%.
e. The euro appreciated by 20% and the dollar depreciated by 20%.
.A
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Joanne rents out her apartment in Seattle to Alice as she is moving to Dallas for the next three years. Which of the following statements must be true?
a. Alice's valuation of the apartment is higher than Joanne's opportunity cost of renting it. b. Joanne's valuation of the apartment is higher than Alice's. c. This transaction creates no economic value for Alice. d. Alice's valuation of the apartment is lower than Joanne's opportunity cost of renting it.
Is faster economic growth unambiguously better?
a. No, because growth has an opportunity cost. b. No, because growth serves no useful purpose. c. Yes, because more goods and services are always better. d. Yes, because it expands the production possibilities of an economy. e. Uncertain-economic growth has no answer to this question.
From 1978 to 2003, China grew on average ________ percent per year, a rate faster than any other country in the world.
A. 4 B. 9 C. 25 D. 75
The legislation which prohibited selling products at unreasonably low prices was the:
A. Sherman Act. B. Clayton Act. C. Robinson-Patman Act. D. Celler-Kefauver Act.