Which of the following statements is correct, when the exchange rate changes from €2/$ to €1.5/$?
a. The euro appreciates and the dollar depreciates.
b. The euro (€) depreciates.
c. The dollar ($) appreciates.
d. Both the euro and the dollar appreciate.
e. The euro depreciates and the dollar appreciates.
.A
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Money costs and opportunity costs are concepts that are
A. not related in any meaningful way. B. used by tax accountants. C. related through the relative prices of goods and services. D. used by economists to learn the most efficient level of output.
When the maximizing actions of two economic agents are not aligned, these agents face a(n):
A) coordination problem. B) incentive problem. C) correspondence problem. D) objective problem.
What role do firms play in output markets? What role do firms play in factor markets?
What will be an ideal response?
The stock market showed a PE for Alibaba equal to 32. What does PE mean?
A) price-earnings ratio B) profit-earnings ratio C) perfect-earnings ratio D) price-equity ratio