The exchange rate is
a. the price of one nation's currency in terms of the currency of another nation.
b. the amount households will spend on imports.
c. the amount of foreign capital a nation receives when there is a trade surplus.
d. the amount charged by bankers for loanable funds
A
You might also like to view...
The law of demand implies that, other things remaining the same
A) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded will increase. B) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded will decrease. C) as income increases, the quantity of cheeseburgers demanded will increase. D) as the demand for cheeseburgers increases, the price of a cheeseburger will fall.
Some economists and policymakers who are in favor of government-provided health care believe that providing health care will generate
A) more adverse selection. B) additional moral hazard. C) positive externalities. D) greater asymmetric information.