If a dollar will currently purchase 120 Japanese yen but it is expected that one year from now a dollar will purchase 130 yen:
A. the demand for dollars now will decrease.
B. the dollar is expected to depreciate.
C. the demand for dollars now will increase.
D. the yen is expected to appreciate.
Answer: C
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A) demand for; rise B) demand for; fall C) supply of; fall D) supply of; rise
If a two percent increase in the price of bananas leads to a two percent decrease in the quantity of bananas demanded, then the demand for bananas is
A. perfectly inelastic. B. inelastic. C. unit-elastic. D. elastic.
The economically efficient car is the one with the lowest emissions
a. True b. False Indicate whether the statement is true or false
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