Which of the following will most likely cause a nation's currency to appreciate on the foreign exchange market?
a. A decrease in domestic interest rates
b. An increase in foreign interest rates
c. Domestic inflation of 10 percent while the nation's trading partners are experiencing stable prices
d. Stable domestic prices while the nation's trading partners are experiencing 10 percent inflation
d
You might also like to view...
Refer to Figure 2-12. What is the opportunity cost of producing one gallon of milk in Bora Bora?
A) 1.5 gallons of honey B) 0.8 gallons of honey C) 1.125 gallons of honey D) 2/3 of a gallon of honey
Which scenario below most accurately describes the process by which a technological change can affect employment patterns across industries?
A) A technological advance makes it possible to produce more of good X with less labor. As a result, labor is released from producing good X. Some of this labor ends up producing goods Y and Z. B) A technological advance makes it possible to produce less of good X with less labor. As a result, labor is released from producing good X. Some of this labor ends up producing good Y. C) A technological advance makes it possible to produce more of good X with more labor. As a result, more labor is needed to produce good X. There is less labor available to produce goods Y and Z. D) A technological advance makes it possible to produce more of good X with less labor. As a result, labor becomes more important to the production of good X. More labor ends up producing good X. E) none of the above
Over the past 50 years in the United States, tax revenues as a percentage of GDP have tended to be in the __________________ percent range
A) 1 to 9 B) 10 to 14 C) 15 to 19 D) 20 to 24 E) 25 to 30
What is the difference between the absolute and relative concepts of poverty? What are the major problems in measuring poverty with them?
What will be an ideal response?