If the supply of dollars in the market for foreign-currency exchange shifts right, then the exchange rate
a. rises and the quantity of dollars exchanged falls.
b. rises and the quantity of dollars exchanged does not change.
c. falls and the quantity of dollars exchanged rises.
d. falls and the quantity of dollars exchanged does not change.
c
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What is the mission of the World Bank?
What will be an ideal response?
It has become largely accepted since the end of the Bretton Woods agreement that: a. the gold standard was superior to anything that has come along since
b. governments have no role whatsoever in determining exchange rates. c. it is not necessary for governments to fix exchange rates for long periods of time. d. floating rates simply have not worked.
Both marginal revenue and marginal revenue product refer to the gains to the firm from employing one additional worker
a. True b. False
The objective of the Doha (Qatar) Round of trade negotiations was to
a. increase tariffs on oil products. b. place quotas on agricultural imports to the Middle East. c. lower trade barriers between countries of varying prosperity. d. put technical barriers on intellectual property.