Holding other things constant, if the US dollar appreciates, it makes the US exports
a. Less attractive to foreigners
b. More attractive to foreigners
c. Neither more nor less attractive to foreigners
d. None of the above
a
You might also like to view...
Use the figure below to answer the next question.
The most likely cause of a shift from AB to CD would be a(n)
A. recession. B. increase in the price level. C. increase in productivity. D. decrease in the size of the labor force.
The laws of supply and demand force prices to an equilibrium.
Answer the following statement true (T) or false (F)
A 10% increase in the price of pizza causes a 10% drop in the quantity of both pizza and beer sold. Describe elasticities and the nature of the two products.
a. The price elasticity of demand for pizza is equal to 1 and the cross price elasticity of beer with respect to the price of pizza is also 1. In this example, beer and pizza complements. b. The price elasticity of demand for pizza is equal to 1 and the cross price elasticity of beer with respect to the price of pizza is (-)1. In this example, beer and pizza complements. c. The price elasticity of demand for pizza is equal to (-)1 and the cross price elasticity of beer with respect to the price of pizza is 1. In this example, beer and pizza complements. d. The price elasticity of demand for pizza is equal to (-)1 and the cross price elasticity of beer with respect to the price of pizza is also (-)1. In this example, beer and pizza complements.
Vault cash is not included in the central bank's liability category of currency because:
A. vault cash is in the asset category of reserves. B. vault cash really is only electronic funds. C. only non-bank currency is in the liability category of currency. D. it is the liability of the U.S. Treasury.