An appreciation of the Norwegian kroner in relation to the U.S. dollar is most likely to cause:
a. an increase in the U.S. demand for Norwegian goods.
b. an increase in the Norwegian demand for U.S. goods.
c. an increase in the supply of U.S. goods to Norway.
d. a decrease in the supply of Norwegian goods to the United States.
e. no change in the demand or supply of goods for either country.
b
Economics
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If the market power of a labor union enables it to offset the market power of an oligopolistic firm, this is called
a. monopolistic competition b. cartel pricing c. price discrimination d. contestable markets e. countervailing power
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If the reserve ratio is 12.5 percent, then $1,000 of additional reserves can create up to
a. $7,000 of new money. b. $8,000 of new money. c. $11,500 of new money. d. $12,500 of new money.
Economics