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Title: In 2008, the dollar appreciated relative to the euro. This appreciation caused ________ and a ... Post by: unistudentguy on Feb 26, 2018 In 2008, the dollar appreciated relative to the euro. This appreciation caused ________ and a ________.
A) a movement up along the U.S. aggregate demand curve; decrease in U.S. exports to Europe B) a decrease in U.S. exports to Europe; leftward shift in the U.S. aggregate demand curve C) an increase in U.S. exports to Europe; movement up along the U.S. aggregate demand curve D) a decrease in U.S. exports to Europe; a movement up along the U.S. aggregate demand curve Ques. 2 In the United States the poorest 20 percent of households receive about ________ of total income. A) 1 percent B) 4 percent C) 10 percent D) 15 percent Ques. 3 If a good has zero external costs, then A) marginal social cost equal marginal private cost. B) marginal social cost is greater than marginal private cost. C) marginal social cost is less than marginal private cost. D) we need more information to determine the relationship between private and social costs. Ques. 4 If V = 5, P = 3, and Y = 50, then the quantity of money equals A) 10. B) 30. C) 150. D) 300. Ques. 5 The recent hurricanes in Florida are bringing financial gain to California citrus growers. Due to extensive damage to the Florida citrus crop, California citrus products are commanding their highest prices ever. Which of the following statements best explains the economics of this quotation? A) The supply of Florida oranges decreased, causing their price to increase, which then increased the demand for substitute California oranges. B) The supply of Florida oranges decreased, causing the supply of California oranges to increase and the price of California oranges to rise. C) The demand for Florida oranges decreased because of the hurricanes, causing a greater demand for California oranges and an increase in the price of California oranges. D) The demand for Florida oranges decreased, causing their prices to rise, therefore increasing the demand for California oranges. Ques. 6 The figure above shows the market for milk. When the efficient quantity of milk is produced, the marginal social benefit from the last gallon is A) 2.00. B) 2.50. C) 3.00. D) 3.50. Ques. 7 Country A can produce 1 cello by giving up the production of 5 guitars. Country B can produce 1 guitar by giving up the production of 4 cellos. In which good does country A have a comparative advantage? A) guitars B) cellos C) both goods D) neither good Ques. 8 To maximize its profit, a firm will hire more workers as long as A) marginal revenue exceeds the wage rate. B) marginal revenue is less than the wage rate. C) value of marginal product exceeds the wage rate. D) marginal product exceeds the wage rate. Title: In 2008, the dollar appreciated relative to the euro. This appreciation caused ________ and a ... Post by: Hansolo18 on Feb 26, 2018 Title: In 2008, the dollar appreciated relative to the euro. This appreciation caused ________ and a ... Post by: unistudentguy on Feb 26, 2018 So that's it? I get an expert answer then we move on with our lives? Not too bad :D
Title: In 2008, the dollar appreciated relative to the euro. This appreciation caused ________ and a ... Post by: Hansolo18 on Feb 26, 2018 we do it for the love of comments
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