If the exchange rate changes from 1.00 euro per dollar to 1.10 euros per dollar, the euro has
A) depreciated against the euro.
B) appreciated against the euro.
C) fallen inversely in value.
D) appreciated against the dollar.
E) depreciated against the dollar.
E
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Which of the following is true of international trade?
A) International trade reduces the total surplus enjoyed by an economy. B) International trade benefits all participants equally. C) International trade in services is not allowed. D) International trade increases overall economic efficiency.
Sam wins a Mega Millions jackpot worth $3 million. Which of the following is most likely true of Sam's consumption function? a. His consumption function will be flatter
b. His consumption function will be steeper. c. His consumption function will shift upward. d. His consumption function will shift downward.
The M2 measure of the money supply equals
A) savings account balances plus small-denomination time deposits plus traveler's checks. B) savings account balances plus small-denomination time deposits plus noninstitutional money market fund shares. C) M1 plus savings account balances plus small-denomination time deposits. D) M1 plus savings account balances plus small-denomination time deposits plus noninstitutional money market fund shares.
Refer to Scenario 10.7. How many ink pads will be produced to maximize profit?
A) 50 B) 250 C) 500 D) 800 E) none of the above