If the exchange rate changes such that fewer euros, the French currency, are required to buy one dollar, then
A. Americans will buy fewer goods and services from France.
B. the French will buy fewer goods and services from the U.S.
C. the dollar has appreciated in value.
D. the euro has depreciated in value.
A. Americans will buy fewer goods and services from France.
Economics
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The value of the deposit multiplier is 1 divided by the required reserve ratio
a. True b. False Indicate whether the statement is true or false
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The "brain drain" problem in the DVCs refers to the fact that the best-educated workers:
A. are concentrated in the public, rather than the private, sector. B. are concentrated in the private, rather than the public, sector. C. are concentrated in urban, rather than rural, areas. D. have emigrated from the DVCs to the IACs.
Economics