If a nation's currency buys fewer units of a foreign currency today than yesterday, we say the value of its currency has:

a. appreciated.
b. depreciated.
c. stagnated.
d. become inverted.

Ans: b. depreciated.

Economics

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Airbus is an European jet airline producer. Indian Airlines wants to buy 23 Airbus planes from Airbus, due to increased demand for world travel. As a result, the

A) demand curve for euros shifts rightward. B) demand curve for euros shifts leftward. C) supply curve for euros shifts rightward. D) quantity demanded for euros decreases.

Economics

If consumers have limited information about price and search costs exist, then

A) the result must be that all firms will charge the same price. B) the monopoly price must result. C) the full-information, competitive price is not an equilibrium. D) the difference in prices between firms will be greater than the search cost.

Economics