If the U.S. purchases oil from Venezuela, what is the effect in the foreign-exchange market?
A. It will increase demand for U.S. dollars.
B. It will decrease demand for U.S. dollars.
C. It will increase supply of U.S. dollars.
D. It will decrease supply of U.S. dollars.
Answer: C
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To compare the net public debt of various countries, the debt has to be compared to
A) the country's real GDP. B) the country's current budget deficit or surplus. C) the country's trade deficit. D) the country's national defense expenditure.
The condition, MRSC,C' = 1 + r, describes the representative consumer's
A) investment decision. B) consumption - savings decision. C) current period work - leisure decision. D) future period work - leisure decision.
Which of the following statements is CORRECT?
A) Since the mid-1940s, expenditures on national defense have increased considerably as a percentage of total federal government spending. B) Since the mid-1940s, expenditures on income security and health programs have increased considerably as a percentage of total federal government spending. C) Taken together, expenditures on national defense and on income security and health programs now account for less than half of all federal government spending. D) Expenditures on national defense now account for more than twice as much federal government spending as expenditures on income security and health programs.
A nonprice determinant of supply refers to something that:
A. affects the price other than supply. B. affects supply other than the price. C. determines how large a role prices play in the supply decision. D. determines how prices are affected by the seller's income.