An increase in the dollar per euro exchange rate will result in
A. a decline in the quantity demanded for dollar.
B. an inward shift of the supply curve of euro.
C. an outward shift of the demand curve for dollar.
D. a decline in the quantity demanded for euro.
Answer: D
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The relationship between MPC and MPS is:
a. 1 + MPC = MPS. b. 1 ? MPC = MPS. c. 1 + MPS = MPC. d. MPC ? MPS = 1.
In the nearly 200 years since Malthus wrote An Essay on the Principle of Population, what has happened to population growth rates as nations have become increasingly industrialized?
a. they have generally increased b. they have averaged zero c. they have generally fallen d. they have done exactly as Malthus forecast, outstripping the production of output
Which of the following could be a barrier to entry?
a. diseconomies of scale b. a large number of buyers and sellers c. a standardized product d. economies of scale e. diseconomies of scope
A key difference between import quotas and voluntary export restrictions (VERs) is that
A. the former requires cooperation from a foreign government or foreign producers, whereas the domestic government may unilaterally enact the latter. B. one raises the price of the imported product involved, whereas the other does not. C. the domestic government may unilaterally enact the former, whereas the latter requires cooperation from a foreign government or foreign producers. D. one is a tax, whereas the other is a quantity limit.