If the euro per dollar exchange rate changes from $1 = 0.8 euros to $1 = 0.7 euros, it implies that the euro has depreciated against the dollar
a. True
b. False
Indicate whether the statement is true or false
False
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The primary tool the Federal Reserve uses to increase the money supply is
A) buying Treasury securities. B) printing more money. C) lowering the discount rate. D) lowering the required reserve ratio.
If a union successfully negotiates for higher wages and benefits for steel workers, what impact would this have on supply and demand in the market for steel, assuming no other changes take place in this market?
What will be an ideal response?
Private property rights are
A) an externality. B) a social cost. C) property that is owned by everyone and therefore by no one. D) exclusive rights of ownership.
The investment trade-off:
A. is a reduction in current consumption to pay for the investment in capital intended to increase future production. B. is why countries don't devote all their resources to capital investment. C. defines the opportunity cost of capital investment. D. All of these are true.