When the official dollar price of a foreign currency is lowered, the dollar is being
A) appreciated.
B) overvalued.
C) undervalued.
D) devalued.
E) revalued.
E
You might also like to view...
Is the poverty rate the lowest among Hispanic households, black households, or white households?
What will be an ideal response?
The total of all planned production for the economy is
A) aggregate supply. B) aggregate demand. C) endowments. D) real-balance effect.
Bob gives up his factory job in order to open a bait-and-tackle shop. The earnings from his factory job represent
a. the hourly wage paid by the shop b. the marginal cost of running the shop c. the average cost of running the shop d. a fixed cost that can vary in the long run e. an implicit cost of opening the shop
Suppose a law firm negotiates a very low price for each of its 1000 employees to be members at the athletic club that is located next to the law firm. Which of the following is not likely to be true?
A. If the typical individual gym membership costs $50 per month, the law firm should expect to save $50,000 per month in wages. B. The firm can likely negotiate a lower per person price at the gym than each employee could negotiate alone. C. In the long run, the law firm will probably attract workers who value the gym benefit the most. D. The law firm can pay its workers less than a comparable law firm that does not offer the gym benefit. E. Some employees will take advantage of the gym benefit, while others will not.