If the exchange rate changes such that fewer euros, the French currency, are required to buy one dollar, then
A. Americans will buy fewer goods and services from France.
B. the French will buy fewer goods and services from the U.S.
C. the dollar has appreciated in value.
D. the euro has depreciated in value.
A. Americans will buy fewer goods and services from France.
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When would a profit-maximizing monopolist that operates with no government intervention choose to produce the competitive level of output?
What will be an ideal response?
Engaging in international trade has all of the following effects except:
A. altering prices in different countries. B. influencing labor markets in different countries. C. increasing number of goods and services we can consumer in different countries. D. it makes use of resources less efficient.
If in some production range average cost is rising, the firm is experiencing
a. increasing returns to scale. b. decreasing returns to scale. c. constant returns to scale. d. increasing costs per unit of output.
Refer to the above data. If the consumer's money income were cut from $52 to $28, she would maximize her satisfaction by purchasing:
A) 3 units of J and 3 units of K. B) 1 unit of J and 3 units of K. C) 4 units of J and 1 unit of K. D) 2 units of J and 3 units of K.