Other things the same, if the exchange rate changes from 30 Thai bhat per dollar to 25 Thai bhat per dollar, then the dollar has
a. appreciated and so buys more Thai goods.
b. appreciated and so buys fewer Thai goods.
c. depreciated and so buys more Thai goods.
d. depreciated and so buys fewer Thai goods.
d
You might also like to view...
Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more piece of pizza
A) efficient price B) efficient amount C) marginal benefit D) marginal cost
The text's discussion of the airline industry, the soft drink industry, and the doughnut industry reveals a common theme when it comes to the types of competitive practices firms in each industry engage in
What is it and what advantage does it offer firms?
Suppose the production function is given by Q = 4K + 6L. What is the average product of capital when 10 units of capital and 5 units of labor are employed?
A. 7 B. 10 C. 5 D. 14
Perfectly competitive firms sell homogeneous products.
Answer the following statement true (T) or false (F)