If the U.S. demand for German goods increases, then
A. the U.S. current account deficit with Germany will improve.
B. Germany will experience currency devaluation.
C. the euro will appreciate in value against the U.S. dollar.
D. the euro will depreciate in value against the U.S. dollar.
C. the euro will appreciate in value against the U.S. dollar.
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Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2015
A) 87 B) 95 C) 105 D) 114
You have a bond that you can redeem for $10,000 one year from now. The interest rate is 10 percent (0.10) per year. How much is the bond worth today?
a. $9,090.91 b. $10,000.00 c. $8,264.46 d. $9,523.81 e. $9,000.00
To achieve economic efficiency, a pure public good
a. would have to be provided at marginal cost b. would have to be provide at marginal revenue c. should never be provided d. should be provided to everyone e. would have to be provide free of charge
Can economic profit ever exceed accounting profit?