If the U.S. interest rate falls relative to the British interest rate,
a. the U.S. demand for pounds will not change
b. the U.S. demand for pounds will decrease
c. the U.S. demand for pounds will increase
d. there will be a rightward movement along the U.S. demand curve for pounds
e. there will be a leftward movement along the U.S. demand curve for pounds
C
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Measured in 2014 dollars, real GDP per person in the United States in 2014 was about
a. $37,000. b. $56,000. c. $57,000. d. $67,000.
In product markets:
a. Businesses sell resources to households b. Businesses sell goods and services to households c. Households sell products to business firms d. Households sell resources to business firms
In situations of sticky prices and negative demand shocks, we would expect firms to:
A. deplete inventories before increasing production. B. reduce production before building up inventories. C. build up inventories before reducing production. D. lower prices before reducing production or building up inventories.
The benefits to the United States of outsourcing include all of the following except
A. Foreign firms insource or send jobs to the United States. B. U.S. productivity rises, resulting in higher profits at U.S. firms that outsource. C. Greater domestic investment by U.S. firms that outsource. D. Higher domestic labor cost for U.S. firms.