If the exchange rate has been $2.00 per British pound but now falls to $1.60 per British pound, there will be
a. more U.S. imports from Great Britain because the price of pounds has fallen.
b. more exports to Great Britain because the price of pounds has risen.
c. fewer exports to Great Britain because the price of the pound has risen.
d. more U.S. exports to Great Britain since the price of the dollar has fallen.
e. no change in either exports or imports.
A
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If a firm expects that the price of its product will be higher in the future than it is today, then
A) the firm has an incentive to decrease supply now and increase supply in the future. B) the firm has an incentive to decrease quantity supplied now and increase quantity supplied in the future. C) the firm has an incentive to increase supply now and decrease supply in the future. D) the firm will go out of business.
Goods that are not rival in consumption, but are excludable are:
A. a common resource. B. a private good. C. a public good. D. an artificially scarce good.
Recent studies suggest that a rise in the minimum wage results in a substantial cut in the demand for teen labor
a. True b. False Indicate whether the statement is true or false
Actual reserves minus required reserves equals
A. the required reserve ratio. B. actual reserves. C. vault cash plus deposits at Fed District Banks. D. excess reserves.