US Exports After staying around 1.35 US dollars per Euro for years, the exchange rate fell below 1.25 US dollars to a euro during the summer of 2014 . What affect does this have US exports to Europe?
The demand for American goods by Europeans will fall because it takes more euros to convert into a given number of dollars to make a purchase. Likewise, Americans considering European goods now have to convert less dollars into euros to make purchases there. Both effects decrease US exports.
Economics
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Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to consume when real disposable income equals $4,000?
A) 0.7 B) -0.45 C) 1.45 D) 0.69
Economics
Natural monopolies occur when there are
A) large diseconomies of scale. B) external economies. C) large economies of scale. D) natural resources involved.
Economics