If the dollar falls from 1.25 euros to 1.00 euro, then the dollar has ________ and the euro has ________
A) depreciated; depreciated
B) depreciated; appreciated
C) appreciated; appreciated
D) shrunk; grown
E) appreciated; depreciated
B
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Unemployment that results from a mismatch of workers' abilities and skills with current requirements of employers is
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) seasonal unemployment.
Production of Hollywood movies is an increasing cost industry. Which of the following contributes the most to this condition?
a. The demand for carpenters to build sets b. The demand for painters to paint the theaters c. The demand for printers to print tickets d. The cost of advertising for the shows e. The cost of hiring known box-office superstars
National income accounting can best be characterized as:
a. a set of rules used to summarize economic activity over a given period of time. b. a method for comparing different political systems. c. a microeconomic model of the economy used by the Federal Reserve bank. d. a statistical measure of the income received by consumers as opposed to businesses. e. a standardized economic report authored by politicians.
The "rule of 72" is a formula for determining the approximate number of
A. years that it would take for a value (like real GDP) to expand 72 times. B. times a value (like real GDP) is a multiple of 72. C. years that it would take for a value (like real GDP) to double. D. times one could double a certain value (like real GDP) over 72 years.