If the U.S. dollar appreciates, it means that
a. the domestic price level has declined.
b. the domestic purchasing power of the dollar has decreased.
c. fewer U.S. dollars are required to purchase foreign currencies.
d. more U.S. dollars are required to purchase foreign currencies.
C
You might also like to view...
According to the table shown, when 1 unit is produced:
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
A. marginal costs exceed marginal revenue, and the firm should produce more.
B. marginal revenue exceeds marginal costs, and the firm should produce more.
C. marginal revenue exceeds marginal costs, and the firm should produce less.
D. marginal costs exceed marginal revenue, and the firm should produce less.
Which of the following is false?
a. The total product schedule shows the total amount of output generated as the level of the fixed input increases. b. The marginal product of any single input is the change in total product resulting from a small change in the amount of that input used. c. As the amount of a variable input is increased, the amount of other fixed inputs being held constant, a point ultimately will be reached beyond which marginal product will decline. This is called diminishing marginal product. d. A firm never knowingly allows itself to reach the point where the marginal product becomes negative.
Retained earnings may be a better source of funds than issuing stocks or bonds because management does not have to account for their effectiveness this way
a. True b. False Indicate whether the statement is true or false
Imagine that you are an entrepreneur, making designer t-shirts in your garage. Your total cost (in dollars) is given by the equation TC = 300 + 10Q, where Q represents the number of t-shirts you make. If you make 1,000 t-shirts, your average total cost is ________.
A. $3.10 B. $10.30 C. $3 D. $1.03