Suppose that last year $1 U.S. exchanged for 1.2 euros. If this year $1 exchanges for 1.3 euros, then we can conclude that
A) the dollar is weaker this year than it was last year and this will cause the United States' short-run aggregate supply (SRAS) curve to shift to the left.
B) the dollar is weaker this year than it was last year and this will cause the United States' short-run aggregate supply (SRAS) to shift to the right.
C) the dollar is stronger this year than it was last year and this will cause the United States' short-run aggregate supply (SRAS) curve to shift to the left.
D) the dollar is stronger this year than it was last year and this will cause the United States' short-run aggregate supply (SRAS) curve to shift to the right.
D
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Immigration can either benefit or harm a nation, depending on the following factors, except the:
A. Number of immigrants B. Education, skills, and work ethic of the immigrants C. Rate at which the immigrants can be absorbed by the society D. Blank
Financial intermediaries are institutions that facilitate the movement of funds from savers to investors because they
A) guarantee positive returns on investments. B) eliminate the costs of negotiating such transactions. C) eliminate risks. D) provide liquidity.
Demand for a luxury item, such as a yacht, is likely to be
A) income elastic and price inelastic. B) income inelastic and price elastic. C) both income elastic and price elastic. D) both income inelastic and price inelastic.
On a graph for the Gini Coefficient, the Gini Coefficient is calculated by ______.
a. multiplying area A by area B b. dividing area A by area B c. multiplying area A by area A + B d. dividing area A by area A + B