A leftward shift of the European demand curve for foreign exchange will
a. decrease the price of foreign exchange in Europe
b. increase the price of foreign exchange in Europe
c. decrease the value of the euro
d. make foreign goods more expensive in terms of euros
e. make European goods less expensive in terms of foreign exchange
A
You might also like to view...
A decrease in labor costs will cause aggregate ________.
A. demand to decrease B. supply to decrease C. supply to increase D. demand to increase
Firms in an oligopoly often do not collude with each other because ________
A) collusion lowers profit B) collusion increases the cost of production C) collusion is illegal D) collusion increases competition
A dominant-firm's residual demand curve is
A) the horizontal difference between the market demand curve and the supply curve of the fringe firms. B) the vertical difference between the market demand curve and the supply curve of the fringe firms. C) the demand curve left for the fringe firms after the dominant firm has determined an output level. D) None of the above.
Which of the following is correct? Price controls
a. always help those they are designed to help. b. never help those they are designed to help. c. often hurt those they are designed to help. d. always hurt those they are designed to help.