If the exchange rate between the yen and the dollar changed from 110 yen = $1 to 100 yen = $1, then
a. the dollar depreciated
b. U.S. goods will become more expensive to the Japanese
c. the dollar appreciated
d. Japanese goods will become less expensive to U.S. citizens
e. the demand for dollars will decrease
A
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Karl Marx's massive work, titled Das Kapital, was published in 1848
a. True b. False Indicate whether the statement is true or false
Tickets to the Indiana-Purdue basketball game are usually sold out far in advance of game day and many people are disappointed because they cannot see the game. This suggests
a. the price of the tickets must be higher than the equilibrium price because people consider them valuable b. the price is set below the equilibrium level c. the price is set above the equilibrium level d. there is no excess demand or supply e. the people deciding on what price to charge considered only the fixed capacity of the stadium