If the exchange rate falls from 120 yen per dollar to 100 yen per dollar, the dollar has ________ and the yen has ________
A) depreciated; appreciated
B) appreciated; depreciated
C) depreciated; depreciated
D) appreciated; appreciated
A
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If the price of a good increases from $3 to $4, and the quantity demand remains unchanged, then the demand is
A) perfectly inelastic. B) perfectly elastic. C) somewhat elastic. D) infinite.
According to the information in the table shown, if someone were to make $35,000, she would be able to buy the most goods and services if she lived in:
This table shows the price-level adjustment as compared to the United States.
A. Australia.
B. the United States.
C. Mexico.
D. China.
Sasha has a master's degree in writing, and currently works full-time as a 2nd grade classroom helper. She submits articles for the local paper on occasion, and gets paid only when the editor agrees to publish a submission. Sasha would love to be a full-time reporter. The best way to describe Sasha is to say she is ________________; the Bureau of Labor Statistics would count Sasha as ____________.
A. underemployed; employed B. employed; employed C. discouraged; underemployed D. underemployed; underemployed
Discuss the Coasian reasoning with an example