If the exchange rate between the United States and Greece changes from $1 = 1 euro to $1 = 2 euros, then holding everything else constant, the price of U.S. goods in Greece will increase.

Answer the following statement true (T) or false (F)


True

Economics

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If the reserve ratio is 5 percent, then the money multiplier is approximated to be:

A. 10. B. 5. C. 2. D. 20.

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A perfectly competitive firm breaks even at a price equal to its minimum average total cost

Indicate whether the statement is true or false

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What is the basic problem of developing countries?

A) corruption B) murder C) poverty D) stock market E) natural resources

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What can a union do in order to raise the wages of its members?

What will be an ideal response?

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