Suppose that the tastes of U.S. beer drinkers shift from domestic brands toward more expensive brands imported from Germany. If this change is large enough, it will cause the ___ for foreign currencies to increase, and the dollar to ________.
A. the demand; appreciate
B. the demand; depreciate
C. the supply; appreciate
D. the supply; depreciate
B. the demand; depreciate
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Refer to Table 4-8. If a minimum wage of $9.50 an hour is mandated, what is the quantity of labor demanded?
A) 380,000 B) 370,000 C) 360,000 D) 10,000
Using T-accounts show what happens to reserves at Security National Bank if one individual deposits $1000 in cash into her checking account and another individual withdraws $750 in cash from her checking account
What will be an ideal response?
Which of the following statements is TRUE?
A) There is a direct relationship between investment and the interest rate. B) There is an inverse relationship between investment and the interest rate. C) There is no relationship between investment and the interest rate. D) Investment is always less than savings.
The value of the firm is the:
A. average value of all future profits. B. present discounted value of all future profits. C. current value of profits. D. total value of all future profits.