The United States has a balance of payments surplus with Europe. We would therefore expect the supply of euros to be __________ the demand for euros. Consequently, the euro should __________
A) less than; appreciate
B) greater than; depreciate
C) less than; depreciate
D) greater than; appreciate
D
You might also like to view...
The condition of fully flexible wages and prices was assumed by
A) no economists. B) the classical economists. C) modern economists. D) the Keynesian economists.
Along a production possibilities curve showing capital and consumption goods production, which of the following pairs are being held fixed?
a. Unemployment and capital goods production. b. Number of resources and consumption goods production. c. Composition of the economy's output and number of resources. d. Capital and consumption goods production. e. Technology and number of resources.
The likelihood ratio statistic is given by:
A. LR = (log-likelihoodunrestricted + log-likelihoodrestricted) B. LR = 2 × (log-likelihoodunrestricted + log-likelihoodrestricted) C. LR = (log-likelihoodunrestricted- log-likelihoodrestricted) D. LR = 2 × (log-likelihoodunrestricted- log-likelihoodrestricted)
The primary objective of an imperfectly competitive firm is to:
A. maximize profit. B. charge the highest possible price. C. minimize total cost. D. maximize total revenue.