American citizens planning a vacation abroad that would require foreign currency would welcome:
A. Depreciation of the dollar.
B. Appreciation of the dollar.
C. Appreciation of the foreign currency.
D. Devaluation of the dollar.
Answer: B
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Normally an increase in the supply of a good will cause
A. a shift of consumer preferences in favor of that good. B. consumers to use more of that good and less of others. C. a shift of consumer preferences away from that good. D. consumers to use less of that good and more of others.
Write an essay on the gains from free international trade
What will be an ideal response?
In macroeconomics, which of the following topics would most likely be studied?
A. Bob's budget B. Nike's costs of production C. The growth rate of the oil industry D. Unemployment in Mexico.
Which of the following observations would be consistent with the imposition of a binding price ceiling on a market? After the price ceiling becomes effective, a. a smaller quantity of the good is exchanged. b. a smaller quantity of the good is demanded. c. a larger quantity of the good is supplied
d. the price rises above the previous equilibrium.