Suppose $1 buys 1.20 euros in January and then it buys 1.10 euros in the following December. As a result
A) the dollar has appreciated.
B) the euro has appreciated.
C) the euro has depreciated.
D) both answers A and C are correct.
B
You might also like to view...
Sweatshirts and tee-shirts are complements in consumption and the price of a sweatshirt increases. As a result, the demand for
A) sweatshirts will increase that is, the demand curve will shift rightward. B) tee-shirts will increase that is, the demand curve will shift rightward. C) sweatshirts will decrease that is, the demand curve will shift leftward. D) tee-shirts will decrease that is, the demand curve will shift leftward.
Refer to Figure 10-5. "Crowding out" of firm investment as a result of a budget deficit is illustrated by the movement from ________ in the graph above
A) C to A B) A to B C) B to A D) B to C
A tax that is placed on the quantity of the item being purchased, such as gallons of it, is called a(n)
A. Excise tax. B. Property tax. C. Income tax. D. None of the choices are correct.
Which of the following statements is TRUE for a monopolistically competitive firm in the long run?
A. P = MC = MR B. P = ATC > MR C. MC > P > ATC D. P > MC > ATC