An increase in the foreign price of the U.S. dollar is called:
a. depreciation of the U.S. dollar.
b. appreciation of the U.S. dollar.
c. appreciation of the foreign currency.
d. readjustment of the U.S. dollar.
e. readjustment of the foreign currency.
b
Economics
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Nonactivists of the policies believe that
A) wages and prices are very flexible. B) the self-correcting mechanism is very rapid. C) government action is unnecessary. D) all of the above.
Economics
A small business owner who is earning a positive economic profit, no matter how small, is doing better than if he or she sold his or her business and went to work for another firm.
Answer the following statement true (T) or false (F)
Economics