If the dollar to euro exchange rate moves from 1.1 to 0.9 dollars per euro, then the dollar has ________ and the euro has ________
A) appreciated; depreciated B) appreciated; appreciated
C) depreciated; depreciated D) depreciated; appreciated
A
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Suppose you are given the following demand data for a product.PriceQuantity Demanded$1030940850760670Using the regular percentage change formula, what is the price elasticity of demand when price increases from $6 to $7?
A. Elastic B. Unelastic C. Inelastic D. Unit elastic
Pete throws leftover bread onto his front lawn because he enjoys watching the pigeons feeding. His neighbor John is not happy about the pigeons, since they leave a mess on his property. This is an example of a nice gesture causing a
a. negative externality b. public good c. positive externaility d. third-party benefit e. free-rider outcome
When the absolute percentage change in quantity demanded is just equal to the percentage change in price, demand is
A. relatively inelastic. B. unit-elastic. C. perfectly inelastic. D. elastic.
Refer to the graph. Which of the lines in the diagram represent(s) a proportional tax?
A. Both A and B.
B. D only.
C. C only.
D. B only.