Other things equal, an appreciation of the Algerian dinar in relation to the euro will act to increase Algerian demand for European goods and to decrease European demand for Algerian goods
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
As part of its proposal to win the 2012 Olympics, London developed a carbon offset plan to reduce the Games' impact on the environment. In 2011, the organizers decided to drop this plan to reduce emissions. We can conclude that
A) the marginal cost of reducing emissions exceeded the marginal benefits of reducing emissions. B) the organizers are not making a rational decision. C) the organizers are ignoring a sunk cost. D) there are no incentives to reduce carbon emissions. E) it is difficult to calculate the cost of reducing emissions.
Intermediate goods are not included in GDP because:
A. the value of goods bought by producers to make something else would be counted twice. B. the value of goods used by firms to make the goods they sell is included in the firm's product; accounting for the value twice would overestimate GDP. C. certain goods that are used in the production of a final good would be counted twice. D. All of these statements are true
Developing countries do:
A. compete with one another for foreign investment, and this competition reduces the benefits from foreign investment. B. not compete with one another for foreign investment, because they have sufficient domestic saving to finance their investment needs. C. not compete with one another for foreign investment, because they lack the infrastructure to attract it in the first place. D. compete with one another for foreign investment, but this competition is beneficial to developing countries because it insures a more efficient allocation of resources.
Refer to the information provided in Figure 4.1 below to answer the question(s) that follow.
Figure 4.1Refer to Figure 4.1. Assume that initially there is free trade. If the United States then imposes a 10-cent tax per apple,
A. the quantity of apples supplied by U.S. firms will increase by 2 million apples per day. B. the price of apples in the United States will increase to 40 cents per apple. C. the quantity of apples demanded will be reduced by 2 million apples per day. D. all of the above