When the wage rate rises, a worker is better off and thus chooses to have more leisure and more consumption. This phenomenon is known as

The dollar appreciates against the euro when U.S. demand for European goods increases

a. True b. False Indicate whether the statement is true or false

You're traveling in Ireland and are thinking about buying a new digital camera. You've decided you'd be willing to pay $125 for a new camera, but cameras in Ireland are all priced in euros. If the exchange rate is 0.85 euros per dollar, what's the

highest price in euros you'd be willing to pay for a camera? A) 105 euros B) 106.25 euros C) 110.15 euros D) 147 euros