If the dollar's value changes from 120 yen per dollar to 110 yen per dollar, the dollar has
A) depreciated.
B) appreciated.
C) demanded.
D) devalued.
A
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Refer to the scenario above. Which of the following statements is true of the terms of trade of tea for coffee?
A) The terms of trade will lie somewhere below 1/3. B) The terms of trade will lie somewhere above 2. C) The terms of trade will lie between 1/3 and 2. D) The terms of trade will equal zero.
A negative externality is internalized when __________ until the socially optimum level of production is obtained.
A. supply shifts to the left B. supply shifts to the right C. demand shifts to the right D. b and c E. none of the above
Conglomerate mergers increase concentration in an industry
Indicate whether the statement is true or false
Intermediate goods are goods and services used:
A. by the ultimate user. B. by state and local governments. C. as inputs. D. both as inputs and final goods.