If the dollar depreciates relative to the Swiss franc
A) Swiss chocolate will become cheaper in the United States.
B) American computers will become more expensive in Switzerland.
C) Swiss chocolate will become more expensive in the United States.
D) Swiss computers will become cheaper in the United States.
C
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If the marginal rate of transformation is constant what can be said of the shape of the production possibilities frontier and why?
What will be an ideal response?
In order to change inflationary expectations in 1979, the Fed's monetary policy under Paul Volcker's leadership resulted in ________ and ________
A) steep inflation; low unemployment B) deflation; high unemployment C) disinflation; low unemployment D) disinflation; high unemployment E) steep inflation; high unemployment
According to many economists, as nations become wealthier, what happens to family sizes?
A) They increase. B) They decline. C) There is no effect. D) They increase, but later in life.
A bank that does not want to hold a lot of excess reserves but wants to manage liquidity risk is likely to:
A. make sure that most of its assets are in small business loans. B. hold a lot in highly liquid securities. C. have a high ratio of loans to securities. D. limit withdrawals by customers.