Under a flexible exchange rate system, an increase in the value of the U.S. dollar in terms of other currencies is referred to as
A. a monetizing of the U.S. dollar.
B. a depreciation of the U.S. dollar.
C. an appreciation of the U.S. dollar.
D. a devaluation of the U.S. dollar.
Answer: C
Economics
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Refer to the below graph. If the Lorenz curve shifted from (d) to (b), then the Gini ratio and the degree of income inequality would:
A. Increase
B. Decrease
C. Remain constant
D. Become negative
Economics
Suppose when the price of pineapples goes from $5 to $3 per pineapple, production decreases from 3,500 pineapples to 2,000 pineapples per year. Using the mid-point method, the percentage change in price would be:
A. 0.50 B. 50 percent C. 0.54 D. 54 percent
Economics