An increase in the value of one currency relative to another is referred to as:
A. Currency appreciation.
B. Currency depreciation.
C. Terms of trade.
D. Comparative advantage.
A. Currency appreciation.
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How does a government-regulated price floor set above the equilibrium price affect the quantity of the good demanded and supplied in the market?
What will be an ideal response?
Katie finds that the marginal utility from a compact disc is 30 and the marginal utility from a pizza is 10. The price of a compact disc is $15 and the price of a pizza is $10. In order to increase her utility, Katie should
A) consume more compact discs and fewer pizzas. B) consume fewer compact discs and more pizzas. C) not change her consumption of pizza and compact discs. D) consume fewer compact discs and fewer pizzas.
Three possibilities have probabilities 0.5, 0.4 and 0.1 and values $10, $20, and $30 respectively. The expected value is:
a. $15 b. $16 c. $17 d. $18
If the dollar appreciates, American consumers will buy more foreign goods and services
a. True b. False Indicate whether the statement is true or false