An increase in U.S. exports to Mexico increases the ________ for U.S. dollars and increases the ________ of pesos.
A. supply; demand
B. supply; supply
C. demand; demand
D. demand; supply
Answer: D
You might also like to view...
Scooters are a normal good and buyers' incomes decrease. Which of the figures above best illustrates how this change affects the demand curve for scooters?
A) Figure A B) Figure B C) Figure C D) Figure D E) None of the above answers is correct because the decrease in income will affect the supply curve not the demand curve.
General equilibrium refers to
A. examining markets without specific information. B. finding equilibrium from general information. C. pricing goods at their shadow price. D. all of these answer options are correct. E. none of these answer options are correct.
The actual money multiplier is smaller than the simple money multiplier because: a. the actual multiplier affects M2 rather than M1
b. cash withdrawals reduce the amount banks can lend out. c. the actual multiplier affects the amount of excess reserves each bank holds. d. the size of the simple multiplier depends on the volume of deposits unlike the actual multiplier. e. the actual multiplier uses a different measure of reserve requirements.
An important category of bias in human decision making is:
A. temptation. B. revealed preference. C. ease of the decision-making process. D. All of these are important sources of bias in decision making.