When the equilibrium dollar price of a foreign currency decreases due to changes in demand for or supply of the foreign currency, the foreign currency
A) has appreciated.
B) has depreciated.
C) is overvalued.
D) is undervalued.
E) is devalued.
B
You might also like to view...
In the above figure, the equilibrium level of real GDP per year is
A) $1.0 trillion. B) $3.0 trillion. C) $2.0 trillion. D) $4.0 trillion.
Based on the graphic for perfect competition versus monopoly, the consumer surplus for perfect competition is ______ the consumer surplus for monopoly.
a. greater than
b. less than
c. equal to
d. the opposite of
Which of the following is an example of a fixed cost?
A. Rent B. Insurance premiums C. Contract salaries D. All of these choices are fixed costs.
A concentration ratio measures the
A. Dollar value of total industry output produced by the largest firms. B. Proportion of industry output produced by all firms. C. Dollar value of total industry output produced by all firms. D. Proportion of total industry output produced by the largest firms.