Which event would most likely decrease an economy's exports?
A. A decline in the tariff on products imported from abroad
B. An increase the prosperity of trading partners for this economy
C. An appreciation of the nation's currency relative to foreign currencies
D. A depreciation of the nation's currency relative to foreign currencies
C. An appreciation of the nation's currency relative to foreign currencies
You might also like to view...
Higher price levels will eventually lead to lower interest rates as people reduce their demand for money
a. True b. False Indicate whether the statement is true or false
Tom, the manager and owner of a small company, believes in the signaling theory of education, not the human capital theory. As such, Tom would be most likely to agree with which of the following quotes?
a. "We encourage our employees to enroll in night classes to improve their on-the-job productivity.". b. "We encourage our employees to participate in online seminars to learn new skills.". c. "We pay higher wages to employees who have MBAs because, on average, their job performance is better than similar employees who do not have MBAs.". d. "When we interview prospective employees at job fairs, we are looking for college graduates because they have the determination and follow-through to finish what they start.".
How much is the output gap if short-run output is $20.0 trillion and potential output is $20.0 trillion?
What will be an ideal response?
The monopolist faces a downward sloping demand curve, and maximizing profits requires the monopolist to
A) accept the market price for its product. B) will produce where the demand curve is inelastic. C) search for the price consistent with producing to the point at which marginal revenue equals marginal cost. D) search for the highest possible price consistent with maximizing its revenues, irrespective of its explicit and implicit opportunity costs.