French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be:
A. Supplying dollars and also supplying euros in the foreign exchange market
B. Demanding dollars and also demanding euros in the foreign exchange market
C. Supplying dollars and demanding euros in the foreign exchange market
D. Supplying euros and demanding dollars in the foreign exchange market
D. Supplying euros and demanding dollars in the foreign exchange market
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The General Motors Acceptance Company (GMAC) is a
A) sales finance company. B) consumer finance company. C) business finance company. D) public finance company.
In the Cournot model, if the products are differentiated,
A) this reduces the pressure of one firm's decisions on the other. B) this increases the pressure of one firm's decisions on the other. C) there is no difference between this model and one with homogeneous goods. D) marginal costs are necessarily different.