In the forex, the demand for dollars will increase if:
A. foreigners wish to buy U.S. goods.
B. foreigners wish to sell U.S. financial assets.
C. interest rates are lower in the U.S. relative to interest rates abroad.
D. interest rates are equal in the US and abroad.
A. foreigners wish to buy U.S. goods.
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According to the case for analysis (Demand and Supply in the Copper Industry) in the text, all of the following can lead to a decline in the price of copper except:
A) steady production uninterrupted by labor strikes or natural disasters. B) substitution away from copper to other materials such as aluminum and plastic. C) an increase in mining of higher grade materials. D) a surge in demand from foreign importers.
Which of the following is an example of a principal/agent relationship?
a. Banks lending money to start-up companies. b. An investment banker investing the client's money into different securities. c. Advance booking for a car after watching its promos at a car show. d. Investing your money in fixed-return deposits and government securities.
Market share can be computed by dividing
A. Price by average total cost. B. The amount that a buyer buys by the total amount that is produced in the market. C. Profit by total cost. D. The amount sold by a single firm by the total sold in the market.
Figure 7.6 shows prices, demands, and cost data for the only restaurant in a small town. Which group's demand for meals is more price-elastic?
A. the senior customers B. the non-senior customers C. the two groups are equally sensitive to a change in price D. There is not sufficient information.