The number of U.S. made products demanded in Europe ________ as the dollar-per-euro exchange rate ________ , other things constant, so more euros will be supplied on the foreign exchange market to buy dollars
a. increases; increases
b. does not change; decreases
c. decreases; increases
d. does not change; increases
a
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The table above gives the cost of producing T-shirts. When 5 T-shirts are produced, the average fixed cost is ________ and the average variable cost is ________
A) $4; $10 B) $10; $6 C) $5; $3 D) $4; $6
Consider the following:
The relative price of movies this year has
A. increased. B. decreased. C. stayed the same. D. Not enough information has been given to calculate an answer.
The World Trade Organization:
A. is also known as the International Monetary Fund (IMF). B. is also known as NAFTA. C. was established to resolve disputes arising under world trade rules. D. enhances world trade by providing interest rate subsidies to foreign borrowers who buy exports on credit.
The theory of international exchange that holds that exchange rates are set so that the price of similar goods in different countries is the same is the
A. purchasing power parity theory. B. price feedback theory. C. J-curve theory. D. trade feedback theory.