The largest single traded good (by value) in recent years has been
A) automobiles.
B) wheat.
C) televisions, stereos, and VCRs.
D) steel.
A
You might also like to view...
If the nominal exchange rate between the American dollar and the New Zealand dollar is 1.36 New Zealand dollars per American dollar, how many American dollars are required to buy a product that costs 3.50 New Zealand dollars?
A) $2.14 B) $2.24 C) $2.57 D) $4.76
Which of the following best describes the term deflation?
a. A falling inflation rate b. A negative price level c. A negative inflation rate d. An increasing inflation rate e. A positive inflation rate
Figure 3-15
Refer to . Which area represents the increase in producer surplus when the price rises from P1 to P2 due to new producers entering the market?
a.
BCE
b.
ACF
c.
DEF
d.
AFEB
If Japanese tourists visit Yellowstone Park, what is the effect in the foreign-exchange market?
A. It will increase demand for U.S. dollars. B. It will decrease demand for U.S. dollars. C. It will increase supply of U.S. dollars. D. It will decrease supply of U.S. dollars.