If world markets change so that the U.S. dollar is no longer the primary reserve currency, the exchange rate value of the dollar would rise
Indicate whether the statement is true or false
False
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Supply and demand together determine the price and quantity of a good sold in a market
a. True b. False Indicate whether the statement is true or false
If the dollar depreciates relative to other currencies, which of the following is true?
A. It takes more foreign currency to buy a dollar. B. It takes more dollars to buy a foreign currency. C. U.S. exports will decrease. D. Foreign purchases of U.S. goods will decrease.
Firms that sell information products experience relatively high fixed costs but, once they have produced the first unit, can
A) sell additional units at a loss, or above cost. B) provide expensive information products to consumers. C) sell additional units at a relatively low cost per unit. D) experience short-run diseconomies of scale.
Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.
Figure 28.7Refer to Figure 28.7. If the economy is at Point A, a decrease in money supply will move the economy to Point ________ in the short run.
A. E B. B C. C D. D