If the dollar appreciates with respect to the euro, this means that
A. a European vacation for an American will be more expensive.
B. it takes fewer dollars to buy the same amount of euros.
C. it takes more dollars to buy the same amount of euros.
D. it takes the same number of dollars to buy the same number of euros.
B. it takes fewer dollars to buy the same amount of euros.
You might also like to view...
Dictatorships, whether stable or unstable, always have longer time horizons than U.S. presidents
a. True b. False
Suppose the production of DVD players can be represented by the following production function: q = L0.4K0.4. Which of the following statements is TRUE?
A) The production function has decreasing returns to scale. B) The production function has increasing returns to scale. C) The production function has constant returns to scale. D) Returns to scale vary with the level of output.