If the nominal exchange rate were to be expressed as the number of units of domestic currency per unit of foreign currency, and that rate increases, then the domestic currency has:
A. appreciated.
B. depreciated.
C. become undervalued.
D. become overvalued.
Answer: B
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The word “economy” comes from the Greek word oikonomos, which means Question 39 options: “environment.” “production.” “one who manages a household.” “one who makes decisions.”
a. "environment"
b. "production"
c. "one who manages a household"
d. "one who makes decisions"
The price (P) of a consol offering an annual coupon payment (C) is best expressed by:
A. C/i B. C/(1+ i) C. C(1 + i) D. F/C
The part of consumption that does NOT depend upon the level of disposable income is
A. autonomous consumption. B. savings. C. saving. D. average propensity to consume.
A mail-order clothing company offers a discount if customers purchase two shirts instead of only one. This is necessarily an example of quantity discrimination
Indicate whether the statement is true or false