Nominal exchange rates
a. vary little over time.
b. vary substantially over time.
c. appreciate over time for most countries.
d. depreciate over time for most countries.
b
Economics
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A tariff is imposed on a good. The tariff will ________ the domestic quantity supplied, ________ the domestic quantity demanded, and ________ price in the home country
A) increase; decrease; increase B) increase; remain unchanged; remain unchanged C) increase; increase; increase D) increase; decrease; decrease
Economics
If a firm's average cost is declining, setting price equal to marginal cost will
a. maximize the firm's profits. b. minimize the firm's losses. c. guarantee that the firm will lose money. d. help the firm earn the opportunity costs of its resources.
Economics