Is it possible for a currency to appreciate relative to another currency, and depreciate relative to a third?
a. No, this is not theoretically possible; a currency rises or falls against all others.
b. No, although this could occur under a strict gold standard
c. Yes, this is possible in a world of floating exchange rates.
d. Yes, in theory, but it does not happen in reality.
c
Economics
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The increased willingness of women to enter the workforce has most likely lead to what outcome in the labor market?
a. an increase in labor demand and higher real wages. b. an increase in labor supply and higher real wages. c. an increase in labor supply and high real wages. d. a decrease in labor demand and lower real wages. e. none of the above.
Economics
A 2 percent rise in the price of a good leads to a 10 percent decrease in quantity demanded. The absolute price elasticity of demand is
A) 5. B) 10. C) 0.1. D) 1.0.
Economics