The foreign exchange market is
A) a market in which exchange rates are allowed to fluctuate in the open market in response to changes in supply and demand.
B) the increase in the exchange value of one nation's currency in terms of an other nation.
C) a market in which households, firms, and governments buy and sell national currencies.
D) the decrease in the exchange value of one nation's currency in terms of another nation.
Answer: C
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The difference between producer surplus and profit is always the associated with
A) opportunity costs. B) total costs. C) variable costs. D) fixed costs.
If the Chinese Yuan devalues against the US dollar, then
a. Both the US importers and Chinese importers would benefit b. The US importers would benefit while the Chinese importers would be hurt c. The US importers would be hurt while the Chinese importers would benefit d. Both the US importers and Chinese importers would be hurt
The demand curve for shares of a stock is typically
a. downward sloping, because people calculate present value according to different expectations and attitudes toward risk b. vertical, because only a fixed number of shares of stock are available c. horizontal, because everyone values the stock according to its present value d. upward sloping, because a higher stock price signals to potential shareholders that the firm is more valuable e. horizontal, because no one is willing to pay more than the market price
When a supervisor administer a questionnaire among participants that have never met it is called
a. brainstorming b. sampling c. delphi technique d. groupthink