When the dollar appreciates against the euro, the euro has:
A. depreciated against the dollar.
B. become more valuable relative to all other currencies.
C. become less valuable relative to all other currencies.
D. appreciated against the dollar.
Answer: A
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Suppose a 10-mile taxi ride costs £6.50 in London and $10.00 in Los Angeles. If the exchange rate is £1 = $1.70 purchasing power parity holds
a. True b. False Indicate whether the statement is true or false
Which of the following events could increase the demand for labor?
a. A decrease in output price b. A decrease in the amount of capital available for workers to use c. An increase in the marginal productivity of workers d. A decrease in the wage paid to workers
Evaluate the statement: “Tariffs and quotas are needed to protect American products from dumping.”
What will be an ideal response?
The biggest difference between traditional sports gambling and daily fantasy is
A. daily fantasy bets are always legal. B. traditional sports gambling bets are all settled are clearly observable from the outcome of an event, whereas daily fantasy is settled based on a points formula. C. daily fantasy is always settled in a day, whereas traditional sports gambling bets take a whole season. D. daily fantasy bets are much smaller bets.