Which of the following events illustrates the U.S. dollar strengthening against the euro?
a. The exchange rate changes from $1 = 1 euro to $1 = 3 euros.
b. The exchange rate changes from $1 = 3 euros to $1 = 2 euros.
c. The exchange rate changes from $1 = 1 euro to $2 = 1 euro.
d. The exchange rate changes from $1 = 2 euros to $3 = 3 euros.
a. The exchange rate changes from $1 = 1 euro to $1 = 3 euros.
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Which of the following is a reason why antidumping actions are used more frequently than safeguard actions?
I. It is easier to meet the criterion that imports have caused "material injury" to a domestic industry than the criterion that imports were a "substantial cause of serious injury." II. The President does not need to approve antidumping duties. III. The President has to approve duties imposed under safeguard actions. a. I b. II c. III d. I, II, and III
Okun's Law states that
A) there is a relationship between the unemployment rate, real GDP, and potential GDP. B) supply creates its own demand. C) as the unemployment rate rises, the inflation rate falls. D) a higher inflation rate leads to a higher nominal interest rate. E) as the real wage rate falls, the quantity of labor demanded increases.