Who is most likely to benefit when the dollar depreciates against the euro?
A. U.S. buyers of foreign goods
B. Foreign savers
C. U.S. exporters
D. Foreign sellers to U.S. buyers
Answer: C
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Which of the following is a short run adjustment? a. A bakery hiring two additional bakers
b. Two new firms enter the textile industry. c. Three firms leave the bicycle industry. d. A computer hardware company builds a new factory.
Referring to discussion in an Added Perspective, Stanley Jevons warned in 1865 that England would quickly run out of
a. lumber b. food c. coal d. oil e. clean water
Which of the following generalizations about the burden of an excise tax is correct?
a. The more inelastic the supply of a product, the larger the portion of an excise tax will be paid by buyers. b. The more inelastic the demand for a product, the larger the portion of an excise tax will be paid by buyers. c. The more elastic the supply of a product, the smaller the portion of an excise tax will be paid by buyers. d. The burden of an excise tax on a product is independent of the elasticity of the supply and demand for the product on which the tax is levied.
The manager of the bank where you work tells you that your bank has $10 million in excess reserves. She also tells you that the bank has $400 million in deposits and $375 million dollars in loans. Given this information you find that the reserve requirement must be
a. 10/400. b. 25/400. c. 35/400. d. 15/400.