Everything else equal, if the dollar appreciates against the Chinese yuan:
A) China will stop trading with the U.S.
B) China will export more to the U.S. and will import less from the U.S.
C) the Chinese government will sell yuan in the foreign exchange market.
D) China will import more from the U.S. and will export less to the U.S.
B
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Which one of the following is not an example of an externality
a. Carbon dioxide emissions from a motor vehicles d. Increased costs of mining iron ore drive up the price of steel b. Acid rain damages wildlife habitat in a region downwind from a factory e. Over-fishing results in the depletion of the food supply of an endangered marine mammal c. A driver enjoys beautiful scenery while driving through a National Forest
The opportunity cost of investing is represented by:
a. the present value of the investment. b. the marginal resource cost. c. the marginal revenue product. d. the interest rate.