In the foreign exchange market, a decrease in the supply of dollars leads to an appreciation of the U.S. dollar
Indicate whether the statement is true or false
TRUE
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Development economics must have a scope wider than traditional economics because
a. values and attitudes play little role in the pace of development. b. people in developing societies do less utility-maximizing. c. transformation of social institutions is necessary for development. d. all of the above.
________ recognizes that obtaining any scarce good involves a cost which affects behavior and goal setting
a. The Dagher Theory b. Fiduciary thinking c. The Nish-Byer Theory d. Economic thinking
The foreign exchange rate is the ________.
A. value of imports of the goods and services and the exports of goods and services in an economy B. amount of one nation's currency that can be purchased with a unit of another nation's currency C. real rate of interest on long-term government bonds in other nations D. rate at which money serves as a medium of exchange for goods and services that would typically be bartered
How would the market for smartphones be affected if the government charged an excise tax of $5.00 on each smartphone sold?
A) The supply of smartphones would decrease. B) The demand for smartphones would increase. C) The demand for smartphones would decrease. D) The price of smartphones would rise by $5.00.