An appreciation of the Norwegian kroner in relation to the U.S. dollar is most likely to cause:
a. an increase in the U.S. demand for Norwegian goods.
b. an increase in the Norwegian demand for U.S. goods.
c. an increase in the supply of U.S. goods to Norway.
d. a decrease in the supply of Norwegian goods to the United States.
e. no change in the demand or supply of goods for either country.
b
You might also like to view...
Which of the following is FALSE?
a. Maximizing division profits can sometimes lead to reducing company-wide profits b. Managers of profit centers are usually given a lot of discretion in their decision making c. Profit centers usually require the highest degree of attention by corporate headquarters d. A manager being rewarded on division revenues has the most incentive to make good decisions for his division
Which of the following would not cause a shift in the supply curve for a good?
a. An increase in demand for that good. b. An increase in the cost of labor used to produce that good. c. A change in the cost of raw materials used to produce that good. d. A decrease in the cost of machinery used to produce that good.
The Celler-Kefauver Act strengthened the nation's antitrust approach to merger enforcement by
a. making all mergers illegal b. making all conglomerate mergers illegal c. creating the Federal Trade Commission d. providing HHI guidelines the government could use to clarify antitrust enforcement e. amending the Clayton Act to include the purchase of assets of another company as a potential antitrust violation
A positive effect of advertising for society is that it:
A. Increases market share for the dominant firm in the industry B. Provides useful information to reduce search cost for consumers C. Raises barriers to entry into the industry and protects existing firms D. Creates price leadership and gives firms guidance in dealing with rivals