A weak U.S. dollar leads to a higher volume of U.S. imports
Indicate whether the statement is true or false
FALSE
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"Inside information" is the use of information
A) by those who read the companies' annual reports. B) by those who write the companies' annual reports. C) by stockbrokers at the largest brokerage firms. D) that is not available to the public.
At a fair carnival roulette wheel, a player can either win $10, $30, or $80 . If it costs $40 to play, would an individual gain or lose from playing the game
a. Gain b. Lose c. Breakeven-neither gain nor lose d. None of the above
The terms of trade between any two countries for two goods cannot be between their respective opportunity costs if there are to be any gains in trade.
Answer the following statement true (T) or false (F)
You are a Canadian citizen who works in Toronto and owns a winter home in Phoenix, Arizona. When you spend the winters in Phoenix, an increase in the value of the Canadian dollar relative to the U.S. dollar should
A) help you as each Canadian dollar of your salary is now worth more U.S. dollars. B) hurt you as each Canadian dollar of your salary is now worth less U.S. dollars. C) hurt you as it is now more expensive to live in Phoenix since the Canadian dollar appreciation. D) help you as it is now less expensive to live in Canada since the Canadian dollar appreciation.