If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars?
A) The supply curve will shift to the right. B) The supply curve will shift to the left.
C) The demand curve will shift to the left. D) The demand curve will shift to the right.
A
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There can be an opportunity for covered interest arbitrage if:
a. the interest rate is low and the exchange rate is high. b. the forward/spot rate difference is either larger or smaller in percentage terms than the difference in the interest rates on two currencies. c. there is a time lag on the settlement of the transactions. d. the interest rate is high and the exchange rate is low.
Gross national product (GNP) of the United States is the value of all final goods and services
A) produced anywhere in the world by residents of the United States. B) produced in the United States by residents of any nation. C) produced and consumed within the United States. D) produced anywhere in the world, but consumed by residents of the United States.