Use the above figure. A leftward shift of the supply curve, ceteris paribus, would result in
A) euro depreciation.
B) dollar appreciation.
C) dollar depreciation.
D) increasing the equilibrium quantity of euros.
C
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Who can determine the true cost of water?
A) Nobody B) Anybody who puts their mind to it C) Only the most competent hydrologist D) A good accountant
Gross domestic product does not measure
A) the sum of the value added by producers at each stage of the production process. B) the total income received by producers for the services they supply. C) the total purchases of newly-produced final goods. D) the total welfare of the noninstitutional population.
Which of the following does NOT describe a function of money?
A) unit of account B) barter C) medium of exchange D) store of value
Assuming the United States is the "domestic" country, if the real exchange rate between the United States and France increases from 1.5 to 1.8
A) the prices of U.S. goods and services have increased by 20% relative to France. B) the prices of U.S. goods and services have increased by 53% relative to France. C) the prices of U.S. goods and services have increased by 3% relative to France. D) the prices of U.S. goods and services have decreased by 16% relative to France.