If you go to the bank and notice that a dollar buys more Mexican pesos than it used to, then the dollar has
a. appreciated. Other things the same, the appreciation would make you less likely to travel to Mexico.
b. appreciated. Other things the same, the appreciation would make you more likely to travel to Mexico.
c. depreciated. Other things the same, the depreciation would make you less likely to travel to Mexico.
d. depreciated. Other things the same, the depreciation would make you more likely to travel to Mexico.
B
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Yes. As deficit spending goes up, it is likely government borrowing will, too. Then foreign residents who lend funds to the U.S. government have less to spend on our goods, so U.S. exports will fall.
Answer the following statement(s) true (T) or false (F)
Under an exclusive buying arrangement, a retailer agrees not to sell a good at the manufacturer's suggested retail price
a. True b. False Indicate whether the statement is true or false
If citizens expect to bear more of the burden for their own health care and retirement costs in the future, then we would expect their:
A. demand for loanable funds further right than it would otherwise be. B. demand for loanable funds further left than it would otherwise be. C. supply of loanable funds further right than it would otherwise be. D. supply of loanable funds further left than it would otherwise be.
Assume 300 billion pounds of Ostrich meat is produced per year when the price is 50 cents per pound, and 500 billion pounds when the price is 60 cents per pound. The supply of Ostrich meat, other factors held constant, is:
A. price elastic. B. price inelastic. C. income elastic. D. income inelastic.