Refer to the figure above. If the yuan is allowed to float, at exchange rates below E yuan per dollar:
A) the excess supply of dollars in exchange for yuan increases the value of the dollar in the foreign exchange market.
B) the excess supply of dollars in exchange for yuan lowers the value of the dollar in the foreign exchange market.
C) the excess demand for dollars in exchange for yuan lowers the value of the dollar in the foreign exchange market.
D) the excess demand for dollars in exchange for yuan increases the value of the dollar in the foreign exchange market.
D
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Price leadership is a form of explicit collusion where one firm in an oligopoly announces a price change and expects all other firms to follow suit
Indicate whether the statement is true or false
Which of the following is true of trademarks?
A) If a firm is granted a trademark, then no other firms can legally produce similar products for a given period of time. B) A successful trademark is one that allows consumers to immediately identify the source or producer of the product. C) If a firm is granted a trademark, then no other firms can legally sell in the same geographic area for a given period of time. D) A successful trademark is one that becomes a generic name for a product, for example, "Xerox" has become a generic term for making photocopies.