Use the following graph to answer the next question.
All else held constant, higher inflation in the United States relative to that in Canada will cause a(n) ________.
A. decrease in the supply of U.S. dollars
B. decrease in the value of the U.S. dollar in terms of the Canadian dollar
C. increase in the value of the U.S. dollar in terms of the Canadian dollar
D. increase in the demand for U.S. dollars
Answer: B
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Karl Marx was critical of markets on the grounds that they are not efficient.
Answer the following statement true (T) or false (F)
Investments that are mistakenly made and generate losses
a. will occur when future revenues are known with certainty. b. indicate that the capital market is incapable of generating wealth. c. are normal costs of developing new projects and technologies in a world of uncertainty. d. will not occur when capital markets are operating efficiently.
A local restaurant offers an "all you can eat" barbeque special. You pay $9.00, and then you can eat as many servings as you desire at no additional cost. It would follow that you will stop eating when
a. your marginal utility (or value) derived from eating another serving is zero. b. your total utility (or value) derived from all of the servings consumed just equals $9.00. c. your marginal utility (or value) derived from another serving equals $9.00. d. it is physically impossible for you to eat any more.
One World View table titled "Union Membership" shows the unionization rates for several countries including the United States. The decline in the U.S. unionization rate is the result of
A. The decline in worldwide competition. B. A relative decline in service industries. C. The growth of large firms relative to small firms. D. A relative decline in manufacturing.