Under the Bretton Woods system, if West Germany needed to change its parity rate with the U.S. dollar so that a person might offer fewer Deutsch marks to buy on e dollar, then they would be
A) revaluing their currency.
B) devaluing their currency.
C) appreciating their currency.
D) depreciating their currency.
A
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Refer to Figure 7-3. If there was no quota, how many pounds of peanuts would domestic producers supply?
A) 10 million B) 28 million C) 30 million D) 40 million
The balance of trade records information about: a. purchases of U.S. merchandise exports by foreigners
b. purchases of foreign financial assets by Americans. c. American purchases of foreign services while traveling abroad. d. errors and omissions.
A worker who loses a job at a call center because business firms switch the call center to another country is an example of:
a. Cyclical unemployment b. Frictional unemployment c. Disguised unemployment d. Structural unemployment
A merger of a firm and its supplier is called
A. a vertical merger. B. a horizontal merger. C. a conglomerate merger. D. a direct merger.