If you were going to go on a vacation to Italy, you would prefer
A. a strong dollar against the euro.
B. a weak dollar against the euro.
C. a strong euro against the dollar.
D. a weak dollar against all currencies.
A. a strong dollar against the euro.
You might also like to view...
A monopoly's demand curve for labor
A) is below that of a competitive market. B) is the same as that of a competitive market. C) is above that of a competitive market. D) equals p ? MPL.
Which of the following statements best demonstrates the constraints under which individual consumers and society as a whole operate?
a. Only the individual opportunity set (or budget constraint) demonstrates the constraints under which individual consumers and society as a whole operate. b. Only the social production possibilities frontier demonstrates the constraints under which individual consumers and society as a whole operate. c. Neither the individual opportunity set (budget constraint) nor the social production possibilities frontier demonstrates the constraints under which individual consumers and society as a whole operate. d. Both the individual’s opportunity set (and budget constraint) and the social production possibilities frontier show the constraints under which individual consumers and society as a whole operate.
Opportunity cost is the combined value of all other alternatives that go unchosen
a. True b. False Indicate whether the statement is true or false
A temporary decrease in the price of oil would be considered a:
A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.