The main component of the monetary union created by the Treaty of Maastricht is a(n)

In June 2008, $1 bought 104 yen and in October, $1 bought 93 yen. This change means

A) U.S. exports became more expensive for Japanese buyers. B) there will be a movement down along the demand curve for dollars. C) there was an increase in the value in the dollar, relative to the yen. D) the dollar appreciated relative to the yen.

Market economies produce outcomes that

a. are virtually ideal in all respects. b. are inferior to most other systems. c. are, in some respects, far from ideal. d. are virtually indistinguishable from command economies.