In the foreign exchange market, U.S. residents wishing to purchase foreign exports or foreign real and financial assets must:
A) demand U.S. dollars by supplying foreign currency.
B) demand U.S. dollars by supplying U.S. dollars.
C) supply U.S. dollars by demanding foreign currency.
D) none of the above.
C
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The optimum tariff is most likely to apply to
A) a small tariff imposed by a small country. B) a small tariff imposed by a large country. C) a large tariff imposed by a small country. D) a large tariff imposed by a large country. E) an ad valorem tariff on a small country.
When economies of scale exist:
a. per unit production costs increase as output expands b. per unit production costs decline as output expands. c. marginal cost must decrease as output expands. d. per unit production costs remain constant as output expands.
As a student, one of the costs of sleeping in rather than going to class is likely to be a lower grade in the class.
Answer the following statement true (T) or false (F)
Which of the following is not an automatic stabilizer:
a. Business profits taxes. b. Welfare payments. c. Government spending for new bridges and roads. d. All of the above are examples of automatic stabilizers.