If Australian tourists visit Grand Canyon National Park, what is the effect in the foreign exchange market?
a. It will increase demand for U.S. dollars.
b. It will decrease demand for U.S. dollars.
c. It will increase supply of U.S. dollars.
d. It will decrease supply of U.S. dollars.
A
Economics
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The statement "This Dell laptop costs $1,200" illustrates which function of money?
A) store of value B) standard of deferred payment C) unit of account D) medium of exchange
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The selling of a good or service abroad at a price below production costs is
A) marginal cost selling. B) price discrimination. C) price differentiation. D) dumping.
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