If the value of the U.S. dollar changes from 1.2 euros to 1.4 euros, we would expect that the United States would experience a ________ in exports and a ________ in imports
A) rise; rise B) fall; fall C) rise; fall D) fall; rise
D
You might also like to view...
Suppose Starbucks currently charges $2.50 per cup for its latte
If Starbucks raises the price to $3.00 per cup, based on the demand curve in the figure above, its total revenue will ________ because the demand for Starbucks latte is ________ over this price range. A) increase; elastic B) decrease; elastic C) increase; inelastic D) increase; unit elastic E) not change; unit elastic
The cumulative total of the federal government's budget deficits has been greater than the total of its surpluses
a. True b. False
When Lionel, an orange grower, hires Terry, Terry's marginal physical product per hour is 9 bushels of oranges. The price is $5 per bushel and the hourly wage rate is $55 . We know then that
a. orange growing is a profitable business b. Terry creates a division of labor that adds not only output but profit for Lionel c. the labor market is not competitive because price and the wage rate are not the same d. Lionel should not have hired Terry e. Terry's marginal revenue product is greater than the wage rate
TV crime shows illustrate the prisoner's dilemma when the:
A. police interview suspects in the same room. B. police interview suspects in different rooms. C. judge ponders the sentence for the crimes. D. prisoners go to prison for the first time.