An appreciation of the U.S. dollar
A. makes our exports more expensive in terms of foreign currency and imports cheaper in terms of the dollar, increasing net exports.
B. makes our exports more expensive in terms of foreign currency and imports cheaper in terms of the dollar, decreasing net exports.
C. makes our exports less expensive in terms of foreign currency and imports cheaper in terms of the dollar, increasing net exports.
D. makes our exports less expensive in terms of foreign currency and imports cheaper in terms of the dollar, decreasing net exports.
Answer: B
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The nominal wage rate is the
A) minimum hourly wage that a company can legally pay a worker. B) average hourly wage rate measured in the dollars of a given reference base year. C) minimum hourly wage rate measured in the dollars of a given reference base year. D) average hourly wage rate measured in current dollars. E) wage rate after inflation has been adjusted out of it.
If Jenna buys a CD at a price of $10, she gets a consumer surplus of $20 . This means she
a. does not have enough money to buy the CD b. will not buy the CD since marginal utility is not high enough c. was willing to pay as much as $30 for the CD d. was willing to pay as much as $20 for the CD e. will have $30 left over after she buys the CD
Which condition listed is the one that most people do not expect the safety net programs of government to provide for?
a. injuries b. joblessness c. natural disasters d. low income
An example of an intermediate good or service would be:
A. a boat bought by a medical doctor for use on vacation. B. a house bought by a banking executive with five children. C. a calculator purchased by a college student for taking exams. D. gasoline used by an insurance agent visiting clients.