If the exchange rate changes from $1.52 = £1.00 to $1.65 = £1.00, then relative to each other,
A) both the dollar and the British pound have appreciated.
B) both the dollar and the British pound have depreciated.
C) the dollar has appreciated and the British pound has depreciated.
D) the dollar has depreciated and the British pound has appreciated.
D
Economics
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In-kind transfer payments might not be used in the desired way due to _____
a. the fungibility of money b. poor incentives c. incomplete information d. the incentive to substitute into leisure
Economics
The idea that firms and resource suppliers, while seeking to further their own self-interests in a market economy, also promote the public interest describes:
A. "dollar votes." B. the "invisible hand." C. the guiding function of prices. D. capital accumulation.
Economics