The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Euro ________ against the U.S. dollar, the Japanese yen ________ against the U.S
dollar and the Canadian dollar ________ against the U.S. dollar A) depreciated, depreciated, depreciated
B) appreciated, depreciated, appreciated
C) appreciated, appreciated, appreciated
D) depreciated, depreciated, appreciated
A
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Income taxes are taxes paid on wages and investment income
Indicate whether the statement is true or false
A good example of land resources is
a. a steel billboard on an interstate highway b. water c. wood-based furniture d. machinery made from iron ore e. buildings located on prime real estate
The demand for airline pilots results from the demand for air travel. This fact is an example of:
A. resource substitutability. B. rising marginal resource cost. C. elasticity of resource demand. D. the derived demand for labor.
In a business cycle, a peak occurs before the beginning of a(n) ________ and a trough occurs before the beginning of a(n) ________.
A. recession; expansion B. expansion; recession C. trough; peak D. depression; expansion