Ceteris paribus, if the U.S. dollar depreciated in relation to the Canadian dollar, which of the following would be true?
a. U.S. goods would become less expensive to Canadian consumers
b. Canadian goods would become more expensive to Canadian consumers.
c. U.S. goods would become less expensive to European consumers.
d. all of the above
a
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If a U.S. citizen deposits $10,000 in a foreign bank, and the bank uses the $10,000 to buy assets in the U.S., then ________
A) the U.S. has experienced a net capital outflow B) the U.S. has experienced an increase in net exports C) the foreign economy has experienced a net capital outflow D) the foreign economy has experienced an increase in net exports E) none of the above
In order for Mary to qualify for benefits under a means-tested transfer payment program,
a. she must have worked and contributed to the program b. she must be able to repay the cash transfer at a later date c. the head of her household must be able to hold a job d. she must be totally disabled e. her household's income and/or assets must fall below a certain level
For a normal good, the substitution and income effects of a price decrease work in the same direction to increase the quantity demanded of that good
a. True b. False
This graph represents the cost and revenue curves of a firm in a perfectly competitive market.
According to the graph shown, what is the market price?
A. P1 B. P2 C. P3 D. Cannot tell from the graph.