If Japanese tourists visit Yellowstone 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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With y measured on the vertical axis and x measured on the horizontal axis, the slope of a straight line is defined as

A) y/x. B) x/y. C) (change in y)/ (change in x). D) (change in x)/ (change in y).

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Refer to Table 2-5. Estonia has a comparative advantage in the production of

A) neither product. B) lumber. C) cell phones. D) both products.

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