Suppose an appreciation of the French franc causes U.S. prices of French wine imports to rise sharply. On the other hand, Californian wine becomes relatively inexpensive to French consumers. Other things equal, this will result in:
a. an increase in U.S. aggregate expenditures and an increase in the aggregate quantity of U.S. goods and services demanded.
b. a decrease in U.S. aggregate expenditures and a decrease in the aggregate quantity of U.S. goods and services demanded.
c. an increase in U.S. aggregate expenditures and a decrease in the aggregate quantity of U.S. goods and services demanded.
d. no change in either U.S. aggregate expenditures or the aggregate quantity of U.S. goods and services demanded.
e. a decrease in U.S. aggregate expenditures and an increase in the aggregate quantity of U.S. goods and services demanded.
a
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When an asset enables people to transfer purchasing power into the future it serves the function of a ________
A) store of value B) unit of account C) means of deferred payment D) medium of exchange
Refer to Figure 13.1. Assume the voting method used to select a location for the recreation center is the Borda-count method
The residents of Desert Sands, realizing that they have no chance of winning this election, decide to remove their town from contention, so now with only 3 towns in the running, if a town gets ranked #1, it gets 2 points per vote, a town ranked #2 gets 1 point per vote, and a town ranked #3 gets no points per vote. With this method, the town that wins in this election is A) There is no clear winner in this election. B) Glacier Cove. C) Mountain View. D) Oceanside.