The demand for Canadian cheese by a U.S. store is also a
A) demand for Canadian dollars.
B) demand for SDRs.
C) supply of U.S. dollars.
D) supply of Canadian dollars.
Answer: A
You might also like to view...
A defendant believes there is a 70 percent chance that the plaintiff will win $200,000, a 10 percent chance the plaintiff will win $150,000 and a 20 percent chance the plaintiff will lose and receive nothing (zero). If the defendant's litigation cost is $100,000, what is the defendant's expected loss from the litigation?
A) $150,000 B) $255,000 C) $300,000 D) $155,000
Originally, the threshold income level used to determine official poverty statistics was based on
A) a per capita income of $3000 in 1955 prices. B) the lowest income of the second quartile of families in the country. C) an income three times greater than necessary to purchase a nutritionally adequate diet. D) figures developed by a committee in the American Economic Association.
When regulators require that a natural monopoly sets price equal to average total cost:
a. it is said to be allowing a fair rate of return. b. the firm earns a super normal profit. c. the firm shuts down permanently. d. the firm operates at the profit-maximizing level of output. e. the firm shuts down temporarily.
The basic reason for the multiplier effect is that, when you spend money,
a. another person receives income. b. another person must pay for it. c. your money balances are reduced. d. your net worth decreases.