What is the present value of $777 in one year if the current rate of interest is 7 percent?
A) $831.39 B) $726.17 C) $457.06 D) $111.00
B
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If the Japanese yen appreciates against the U.S. dollar,
A) Japanese businesses gain by a decrease in the dollar price of exports to the United States. B) Japanese consumers gain by a decrease in the yen price of U.S. exports to Japan. C) Japanese consumers lose by an increase in the yen price of U.S. exports to Japan. D) U.S. consumers gain by an decrease in the dollar price of Japanese exports to the United States.
Can it be efficient for one trader to consume all units of the goods while the other trader consumes nothing? In other words, does this point lie on the contract curve?
What will be an ideal response?
When the exchange rate for a currency falls so that a currency trades for less of other currencies, it is said to be appreciating
a. True b. False Indicate whether the statement is true or false
As competitors enter a monopolistically competitive industry, the incumbent firms demand curves shift
a. To the left and become less elastic b. To the right and becomes less elastic c. To the left and becomes more elastic d. To the right and becomes more elastic