If today the exchange rate is 1.00 euro per dollar and tomorrow the exchange rate is 0.98 euros per dollar, then the dollar ________ and the euro ________
A) depreciated; appreciated
B) appreciated; depreciated
C) depreciated; did not change
D) appreciated; appreciated
E) depreciated; depreciated
A
Economics
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A country must always have an absolute advantage in some product
Indicate whether the statement is true or false
Economics
Consider the utility function 
. Which of the following are true statements about the indifference maps represented by this function.
A.
MRS=-1 along the 45 degree line if and only if 
.
.B.
MRS=-1 along a ray steeper than the 45 degree line if and only if 
.
.C.
MRS=-1 along a ray shallower than the 45 degree line if and only if 
.
.D.
All of the above.
E.
None of the above.
Economics