If there is an outward shift in U.S. demand for French goods, the result will be
A. a decrease in euros traded.
B. an inward shift in French demand for U.S. goods.
C. an increase in the dollar price of a euro.
D. a decrease in the dollar price of a euro.
Answer: C
You might also like to view...
According to this Application, economist John Taylor believes that if the Fed had not followed "easy money" policy during the early 2000s,
A) housing starts would have declined quicker, accelerating the timing and severity of the housing bust. B) housing starts would have been much higher and the housing boom would have continued. C) housing starts would have been much lower and the housing boom and bust would have been avoided. D) housing starts would have stabilized, leading to a mild housing boom with no bust.
Economic Value Added helps firms to avoid the hidden-cost fallacy
a. by ignoring the opportunity costs to using a capital b. by differentiating between sunk and fixed costs c. by taking all capital costs into account including the cost of equity d. none of the above
What is the correct comparison between slope and elasticity along a linear demand curve?
a. Slope shows the ratio of percentage changes of two variables; elasticity shows the ratio of changes of two variables. b. Slope shows the ratio of changes of two variables; elasticity shows the ratio of percentage changes of two variables. c. Slope shows the ratio of negative changes of two variables; elasticity shows the ratio of positive changes of two variables. d. Slope shows the ratio of positive changes of two variables; elasticity shows the ratio of negative changes of two variables.
How many prices would a trader of a particular good need to know in a barter economy with 20 goods?
A. 100 B. 40 C. 20 D. 190