Which of the following would shift the demand for dollars in the market for foreign currency exchange to the right?
a. foreign citizens want to buy more U.S. goods and services at a given exchange rate
b. foreign citizens want to buy fewer U.S. goods and services at a given exchange rate
c. foreign citizens want to buy more U.S. bonds
d. foreign citizens want to by fewer U.S. bonds
a
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Two university graduates, Bill and Steve, worked for an advertising agency at an annual salary of $40,000 each for 3 years after they graduated. Then, they decided to quit their jobs and start a partnership that designs and builds Web sites
They rented an office for $12,000 a year and bought capital for $30,000. To pay for the equipment, Bill and Steve borrowed money from a bank at an annual interest rate of 6 percent. During their first year of operation, the partners' total revenue was $100,000. The market value of their capital at the end of the year was $20,000. If Bill and Steve do not design Web pages, their best alternatives are to return to their previous job. a) What is the firm's economic depreciation? b) What are the partnership's costs? c) What is the firm's economic profit in the first year of operation?
The natural rate of unemployment:
A. is typically zero. B. is the normal level of unemployment in an economy in the long run. C. is constant over time. D. None of these is true.
Which of the following is the best example of a variable cost for a major league baseball franchise?
(A) Stadium rent (B) Stadium maintenance (C) Ticket-takers' salaries (D) Manager's salary
The ________ that a firm takes in when it increases output by one additional unit is marginal revenue.
A. total revenue B. extra resources C. additional labor D. added revenue