You observe that in the market for coffee that both the equilibrium price of coffee and the equilibrium quantity have increased. You predict that the demand for coffee
A) has increased with no change in the supply of coffee.
B) has increased but it is not as large as the increase in supply.
C) has not changed but that the supply of coffee has decreased.
D) has increased less than supply of coffee has decreased.
A
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The ability to produce a product at a lower resource cost than another nation can produce the same product is called comparative advantage
Indicate whether the statement is true or false
In general, which the following is NOT true about the "new" immigrants that arrived after 1880?
a. They experienced pervasive wage and hiring discrimination. b. They originated mostly from south and eastern Europe. c. They took the lowest positions in the social strata. d. All of the above are true about the "new" immigrants.
A weaker peso, relative to the US dollar, causes the demand for US exports to Mexico to______ and the demand for US imports from Mexico to______
a. Increase; Decrease b. Decrease; Increase c. Increase; Increase d. Decrease; Decrease
Suppose that Argentina's dollar-denominated external assets and liabilities are $10 billion and $100 billion, respectively, and its Argentine peso-denominated external assets and liabilities are each 50 billion pesos (P). Suppose further that Argentina fixes its exchange rate at P1 = $US1. Suppose that Argentina changes its exchange rate to P3 = $US1. Now what is the peso value of Argentina's total external wealth?
A) -270 billion pesos B) -150 billion pesos C) 0 D) -210 billion pesos