After being introduced in 1999, the euro
A. increased in value through 2008.
B. decreased in value through 2008.
C. increased in value through 2000 but then decreased in value through 2008.
D. decreased in value through 2000 but then increased in value through 2008.
Answer: D
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What will be an ideal response?
Suppose Lefty has utility characterized by the equation: U l = 3I 1/2 , where I is income. In addition, Righty has utility characterized by the equation: U r = 4I 1/2 , where I is income.
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Suppose the domestic supply (QSU.S.) and demand (QDU.S) for bicycles in the United States is represented by the following set of equations:QSU.S. = 2PQDU.S. = 200 - 2P.Demand (QD) and supply (QS) in the rest of the world is represented by the equations:QS = PQD =160 - P.Quantities are measured in thousands and the price, in U.S. dollars.In the absence of international trade, ________ thousand bicycles will be sold in the rest of the world at a per unit price of
A. 80; $80. B. 50; $100. C. 100; $100. D. 100; $50.