A rise in the price of a nation's currency relative to foreign currencies is called
a. appreciation
b. depreciation
c. surplus on current account
d. foreign exchange
e. devaluation
A
You might also like to view...
In comparing an oligopolistic firm to a perfectly competitive firm it is generally assumed that the price charged by the competitive firm will be higher than the price charged by the oligopolistic firm
Indicate whether the statement is true or false
A feature of debt markets in emerging-market countries is that debt contracts are typically
A) very short term. B) long term. C) intermediate term. D) perpetual.
The United States exports a good if its no-trade U.S. price is ________ its world price. With international trade, U.S. production of the good ________ compared to the level of no-trade production
A) the same as; does not change B) lower than; increases C) the same as; increases D) higher than; increases E) higher than; does not change
A free good is one that can be acquired without sacrifice.
a. true b. false