What does it mean when the dollar appreciates? What does it mean when the dollar depreciates?
What will be an ideal response?
If the dollar appreciates with respect to another currency, a dollar buys more units of the other currency than before. The opposite is true for a depreciation—a dollar buys less of the other currency than before.
Economics
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A quota is a
a. tax on a specific quantity of imported goods b. limited number of foreign firms that can sell imported goods c. restrictive health and safety standard that raises costs d. tax on domestic producers so that they can make higher profits e. limit on the quantity of a good that can be imported
Economics
What is the Council of Economic Advisers?
What will be an ideal response?
Economics