An increase in the US demand for pound causes
a. An appreciation of the pound
b. Depreciation in the dollar
c. None of the above
d. Both a and b
d
You might also like to view...
According to the Bureau of Labor Statistics, among workers ages 45 to 54, the median job tenure is
A) longer for men than it is for women. B) longer for women than it is for men. C) roughly equal for all men and women. D) roughly equal for men and women closer to age 45, but longer for women closer to age 54 than men closer to age 54.
When there is a shortage I. there is a tendency for price to increase. II. there is an excess quantity demanded
A) I only B) II only C) Both I and II D) Neither I nor II
Typically, increasing the difference between the discount and federal funds rates causes
A. high corporate profits. B. no change in interest rates. C. a boom in the economy. D. an increase in market interest rates.
Refer to Scenario 1.2 below to answer the question(s) that follow.SCENARIO 1.2: A scientist wants to understand the relationship between automobile emissions and the level of global warming. The scientist collects data on the volume of automobile emissions and the levels of global warming over time. The scientist concludes that a 1% increase in automobile emissions causes a 0.0003% increase in average global temperatures. From this information he concludes that the automobile emissions are harmful to the environment and should be reduced to stop the increase in global temperatures.Refer to Scenario 1.2. A graph of the volume of automobile emissions on one axis and the level of average global temperatures on the other axis is an example of
A. an economic theory. B. a variable theory. C. inductive reasoning. D. an economic model.