If the exchange rate is constant and U.S. exports increase, then in the foreign exchange market the
A) supply of U.S. dollars increases.
B) demand for U.S. dollars increases.
C) demand for U.S. dollars decreases.
D) quantity of U.S. dollars demanded decreases.
E) quantity of U.S. dollars demanded increases.
B
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A variable measures
A) the degree to which something varies over time. B) something that always has the same value. C) something that can take on different values. D) factors that occur with high degrees of uncertainty.
What other curve is the same as the market supply curve? Why are the curves the same?
What will be an ideal response?
During the expansion phase of the business cycle,
A) employment decreases. B) income decreases. C) unemployment increases. D) production increases.
Simon is given a free ticket to see Coldplay Saturday night. He already has a ticket to see Sting in concert that night. The Sting ticket cost Simon $50 though he would have paid as much as $80 to go to the show
Simon knows that he can easily sell the Sting ticket on Craigslist for $60. What is his opportunity cost of seeing Coldplay?