If 100 Japanese yen buy more U.S. dollars today than yesterday, the dollar has ________ and the yen has ________
A) depreciated; appreciated
B) appreciated; depreciated
C) depreciated; depreciated
D) appreciated; appreciated
A
Economics
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The curvature of an economy's production possibilities curve represents:
A) an increasing marginal cost of producing both goods. B) an increasing opportunity cost of producing each good. C) diminishing marginal returns to inputs. D) increasing terms of trade between both goods.
Economics
The CPI in 1970 was 38.8 and in 1998 the CPI was 163.0. If the real value of a 1970 gallon of milk in terms of 1998 dollars is $0.70, what was the nominal price of milk in 1970?
What will be an ideal response?
Economics