Purchasing power parity exchange rates can be useful for making comparisons between countries, such as international comparisons of GDP and other economic statistics
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose the United States eliminates high tariffs on German bicycles. As a result, we would expect
A. the price of German bicycles to increase in the United States. B. employment to decrease in the U.S. bicycle industry. C. employment to decrease in the German bicycle industry. D. profits to rise in the U.S. bicycle industry.
Since rent controls have been in effect in New York City, apartments have been more plentiful
a. True b. False Indicate whether the statement is true or false
Situations in which firms expect one thing to happen but then something else happens are called:
A. Recessions B. Shocks C. Business cycles D. Fluctuations
Explain three factors that would cause the dollar to appreciate.
What will be an ideal response?