This textbook is about microeconomics because it deals mainly with the behavior of variables such as:
A. economic sectors, the business cycle and monetary and fiscal policies.
B. national output, interest rates, unemployment and inflation.
C.individual economic units, such as consumers, firms, workers and investors
D.national and international markets, exchange rates and economic treaties.
C.individual economic units, such as consumers, firms, workers and investors
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If the exchange rate changes from $1 = 1.2 euros to $1 = 1.4 euros, then the U.S. dollar _____ and the euro _____.
a) appreciated; depreciated b) depreciated; appreciated c) depreciated; depreciated d) appreciated; appreciated
Futures contracts differ from forward contracts in that
A) future contracts ensures you will receive a certain amount of foreign currency at a specified future date. B) future contracts bind you into your end of the deal. C) future contracts allow you to sell your contract on an organized futures exchange. D) future contracts are a disadvantage if your views about the future spot exchange rate are to change. E) futures contracts don't allow you to realize a profit of a loss right away.