Suppose the supply of dollars decreased from S2 to S1 in Figure 36.3. As a result of this change,
A. The Swiss franc will gain value worldwide.
B. A trade deficit will be created in Switzerland.
C. U.S. computer exports to Switzerland will be lower-priced in dollars.
D. Swiss chocolate imports to the United States will be lower-priced in dollars.
Answer: D
You might also like to view...
Use the following graph to answer the question below.
At a quantity of 290, marginal benefit equals ________ and marginal cost equals ________.
A. $0.50, $1.60 B. $1.60, $1.60 C. $1.00, $1.00 D. $1.60, $0.50
In which of the following externality situations would it be most likely that voluntary agreements could be used to internalize an externality?
A) littering on highways B) overharvesting of alligators in Louisiana C) poaching of elephants in Africa D) trees of one neighbor blocking a view of another
A firm sells 100 . units per week. It charges $15 per unit, the average variable costs are $10, and the average costs are $25 . The firm should
a. Shut-down as the firm is making a loss of $10,00 . per week b. Shut-down as the firm cannot cover the fixed costs c. Continue operating as the firm is covering all the variable costs and some of the fixed costs d. Shut-down because it is cost effective to pay off the remaining fixed costs
A Basic principle of economics is:
A) knowing your customer means understanding their income. B) there are costs involved in any action or decision. C) demand equals supply. D) equilibrium is beneficial. E) size and market share are important goals for a business.