Which of the following will lead to a depreciation of the U.S. dollar against the British pound?
A) an increase in British demand for U.S. imports
B) an increase in U.S. interest rates
C) a decrease in British demand for U.S. assets
D) a decrease in U.S. demand for British goods
Answer: C
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A consumer values a car at $30,000 and a producer values the same car at $20,000 . What amount of tax will result in unconsummated transaction?
a. $4,000 b. $9,000 c. $15,000 d. $2,000
Normative statements are based upon
A. value judgments. B. what can be demonstrated to be true. C. conjecture.
If the current account balance is -$100 billion and the capital and financial account balance is $80 billion, then the official settlement account balance is
A) -$20 billion. B) $20 billion. C) always 0. D) impossible to determine with the information given.
In the theory of monopoly, which of the following is an exogenous variable?
a. The technology available to the monopoly. b. The price charged by the monopoly. c. The level of output produced by the monopoly. d. The profit earned by the monopoly.