Suppose that a product benefits from a successful advertising campaign. The result is that:
A. the demand for the product increases.
B. the demand for the product decreases.
C. the supply of the product increases.
D. the supply of the product decreases.
Answer: A
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Equilibrium in the foreign exchange market occurs:
a. at the point where the foreign exchange demand and supply curves intersect. b. at the point where the foreign exchange demand and supply curves reach maximum separation. c. when two nations' economic leaders agree on the appropriate exchange rate. d. when two nations' diplomatic leaders agree on an exchange rate that meets both countries' needs. e. only by chance, if at all, because they change very frequently.
The true cost of borrowing is the nominal interest rate
Indicate whether the statement is true or false
Your Uncle Harry gives you stock in Samsung for your birthday. The stock is an example of:
A. foreign direct investment. B. importing. C. foreign portfolio investment. D. exporting.
Jobs in the U.S. textile industry can be saved by imposing tariffs upon textiles imported into the U.S., but the cost to U.S. consumers is estimated to be approximately
A. $49,000 annually per job saved. B. $23,000 annually per job saved. C. $94,000 annually per job saved. D. $148,000 annually per job saved.