Which of the following will not result in a shift in the demand curve for the US dollar?
a. an increase of in the income of US residents
b. a decrease in the expected rate of inflation in the US
c. an increase in the dollar/Eruo exchange rate
d. an increase in interest rates in the US
e. a decrease in interest rates in the Euro zone
QUESTION 2The marginal benefit of acquiring additional information tends to
a. be zero if the marginal cost of information is zero
b. increase and then decrease as additional information is obtained
c. be smaller, the smaller the quantity of information the individual already has obtained
d. increase as additional information is obtained
e. decrease as additional information is obtained
QUESTION 3From 2006 through August 2011, the US dollar fell in value from 8 Chinese Yuan to 6.4 Chinese Yuan. During that time we would say that relative to the US dollar, the Yuan has appreciated in value.
a. True
b. False
QUESTION 4For which of the following goods is the marginal benefit of search likely to be greatest?
a. a haircut
b. a maid
c. a jar of peanut butter
d. a heart bypass
e. a new lamp
QUESTION 5The US had a surplus on its current account in 2009.
a. True
b. False
QUESTION 6For which of the following goods is the marginal benefit of search likely to be greatest?
a. a pair of shoes
b. an automobile
c. a jar of honey
d. a loaf of bread
e. a pair of jeans
QUESTION 7Americans spend more on goods produced in China than Chinese citizens spend on goods produced in the United States.
a. True
b. False
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