It has been noted that when the price of a good increases, people purchase less of the good. This is an example of

If the exchange rate changes from 1.00 euro per dollar to 1.10 euros per dollar, the euro has

A) depreciated against the euro. B) appreciated against the euro. C) fallen inversely in value. D) appreciated against the dollar. E) depreciated against the dollar.

When Ferrari sells stock to the public in its IPO, it will do so through the New York Stock Exchange. People who buy the shares will

A) do so in the indirect finance market. B) own part of the company. C) be promised to be repaid their investment plus interest. D) All of the above are true.