If 1 US dollar costs 1.25 Euros, then 1 Euro must cost _____ US dollars
a. 0.5
b. 0.8
c. 1.0
d. 1.25
e. 1.5
Ans: b. 0.8
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The Dutch Disease refers to a deadly outbreak of influenza that destroyed all international trade for the Netherlands in the 1960s
Indicate whether the statement is true or false
A decrease in the supply of dollars on the foreign exchange market, all else equal, will result in:
A) appreciation of the U.S. dollar and depreciation of the foreign currency. B) appreciation of the U.S. dollar and appreciation of the foreign currency. C) depreciation of the U.S. dollar and depreciation of the foreign currency. D) depreciation of the U.S. dollar and appreciation of the foreign currency.
When the price ceiling on eggs is lifted, there is a shortage of eggs in the market
a. True b. False Indicate whether the statement is true or false
When the Environmental Protection Agency (EPA) assigns one emission standard to a particular group of plants, this is called
a. monopoly b. positive externalities c. a pollution compensation tax d. the bubble concept e. a municipal ordinance