If the exchange rate changes from 1500 lire per U.S. dollar to 1000 lire per U.S. dollar, the U.S. dollar has
a. appreciated, since its value has increased
b. appreciated, since the price of foreign exchange has increased
c. appreciated, making Italian goods cheaper in U.S. dollars
d. depreciated, since its value has declined
e. depreciated, since its value has increased
D
You might also like to view...
Screening and signaling in the labor market are inefficient
A) unless college costs are relatively low. B) unless they result in a better job match. C) because the benefits are spread out over many firms. D) because they raise the wage paid to all workers.
Which of the following is an example of an innovation that can lead to new investment and spur the economic growth of a nation?
a. Horizontal drilling and hydraulic fracturing resulting in the discovery of new sources of shale gas in the U.S. b. Outsourcing the manufacturing units of a U.S. shoe-making company, resulting in the reduction of overhead costs c. A tire manufacturer laying off some of its workers to increase its profit margin d. An automobile-manufacturing company using cheaper machines for its main product line
During 1980-2005, the developing countries that moved most rapidly toward economic freedom
a. achieved higher rates of economic growth, but the reductions in their poverty rates were smaller than those for countries that were less free. b. grew less rapidly, but the reductions in the poverty rates were greater than those achieved in countries that were less free. c. experienced both slower rates of economic growth and smaller reductions in poverty rates than countries that were less free. d. experienced both more rapid rates of economic growth and larger reductions in poverty rates than countries that were less free.
Advances in information and communication technology are the principal factors cited for the:
A. speedup in productivity growth between 1973 and 1995. B. speedup in productivity growth from 1995-2000. C. slowdown in productivity growth from 1995-2000. D. slowdown in productivity growth between 1973 and 1995.