If market forces change the exchange rate value of one dollar from 80 yen to 83.25 yen, then the dollar has
A. appreciated.
B. depreciated.
C. been revalued.
D. been devalued.
Answer: A
Economics
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The above figure shows the payoff to two airlines, A and B, of serving a particular route. If the two airlines must decide simultaneously, how many pure Nash equilibria are there?
A) 0 B) 1 C) 2 D) It cannot be determined.
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High gasoline prices give people all of the following incentives EXCEPT
A) to drive less. B) to car pool. C) to buy a hybrid car. D) to take vacations that require driving more miles.
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