If the exchange rate changes from $2.00 = £1 to $2.01 = £1 then
A) the dollar has appreciated. B) the British pound has depreciated.
C) the dollar has depreciated. D) the British pound has stayed constant in value.
C
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Table 7-4 ? 6 346 490 600 692 775 846 ? 5 316 448 548 632 705 775 ? 4 282 400 490 564 632 692 CAPITAL 3 245 346 423 490 548 600 ? 2 200 282 346 400 448 490 ? 1 141 200 245 282 316 346 ? 0 1 2 3 4 5 6 ? LABOR ? ? ? ? ? Table 7-4 shows a production relationship. The cost of one day of labor is $65 and the product price is $1 per unit. How much will the labor input increase if the capital stock were increased from 3 to 4?
A. From 3 to 4 B. From 4 to 5 C. From 4 to 6 D. Stays the same
Stephanie listens to punk rock because her friends do. This is
A) a positive sum game. B) collusion. C) positive market feedback. D) negative market feedback.
Capital accounts measure
a. the foreign asset holdings of a nation and that nation's asset holding abroad b. d and e c. changes in the foreign asset holdings of a nation and the difference between its exports and imports d. the difference between a nation's exports and imports e. changes in the foreign asset holdings of a nation and that nation's asset holdings abroad
Central banks can improve the welfare of a society by doing all of the following except:
A. focusing on keeping the overall level of prices stable. B. serving the interests of government rather than the public at large. C. helping to reduce the volatility of business cycles. D. helping to promote economic growth.