If the exchange rate changes from 1.00 euro per dollar to 1.10 euros per dollar, the euro has
A) depreciated against the euro.
B) appreciated against the euro.
C) fallen inversely in value.
D) appreciated against the dollar.
E) depreciated against the dollar.
E
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Even though it often does not result in profit maximization, some small firms use a cost-plus pricing strategy anyway because
A) they sell several products, each of which sells for a different price. The time and expense involved in finding the profit-maximizing price for each product are not worth the effort. B) they do not understand what marginal revenue and marginal cost mean. C) it is easy to use. D) it is expensive to hire an economist who can determine what the profit-maximizing price is.
All of the following are examples of financial securities except
A) checking accounts. B) corporate bonds. C) shares of stock. D) Treasury bonds.