Assume that there is an increased demand in the United States for European wines. If all other factors are held constant, this change will result in
A) an increase in the exchange rate for euros.
B) an appreciation of the dollar.
C) a movement along the demand curve for euros.
D) a decrease in the value of the euro.
A
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The Consumer Price Index (CPI) measures
A) the prices of a few consumer goods and services. B) the prices of those consumer goods and services that increased in price. C) the average of the prices paid by urban consumers for a fixed market basket of goods and services. D) consumer confidence in the economy. E) the average of the costs paid by businesses to produce a fixed market basket of consumer goods and services.
"An increase in the price of oranges will increase the demand for grapefruits." This statement is an example of a normative economic statement
Indicate whether the statement is true or false
Identify four reasons for high entry barriers. Briefly explain each reason
What will be an ideal response?
The type of regulation that attempts to keep prices and the rate of return in an industry at a competitive level is referred to as
A) cost-of-service regulation. B) rate-of-return regulation. C) service-opportunity regulation. D) natural regulation.