Who among the following is most likely to favor an appreciation of the U.S. dollar?

a. a German professor visiting Chicago
b. an American farmer who depends on exports
c. an American professor on a tour of Austrian universities
d. Disney World in Orlando, Florida, a popular destination for foreign tourists

C

Economics

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What is the relationship between the short-run Phillips curve and the long-run Phillips curve?

What will be an ideal response?

Economics

Refer to Table 17-1. Suppose the output price is $3. If the wage rate is $90, what is the profit-maximizing quantity of labor that the firm should hire?

A) 7 units B) 5 units C) 4 units D) 3 units

Economics