Which of the following is likely to increase the exchange rate of Yen to euros (¥/€)?
A) an increase in investment opportunities in the U.S.
B) a decrease in investment opportunities in the eurozone
C) an increase in demand for European goods in Japan
D) a decrease in demand for European goods in Japan
D
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A cartel is most likely to occur in
A) perfect competition as firms compete by reducing cost. B) oligopoly as firms act together to raise prices and increase profits. C) monopolistic competition where firms collude to increase profits. D) oligopoly as firms compete to lower price and increase their own profits. E) monopoly because it faces no competition.
At a given point in time, if all past deficits and surpluses were added, we would get the
A. Ricardian model. B. debt. C. crowding-out model. D. total amount of excess burden.
When a supervisor administer a questionnaire among participants that have never met it is called
a. brainstorming b. sampling c. delphi technique d. groupthink
If firms have to account for external costs in production, then they will produce an output level that is ________ the efficient level.
A. below B. at C. above D. either above or below