Which of the following statements is equivalent to an appreciation of the dollar relative to the euro?
a. The dollar buys fewer euros now.
b. The euro buys fewer dollars now.
c. The dollar costs less.
d. The euro buys more dollars now
Answer: b. The euro buys fewer dollars now.
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All but one of the following economists were awarded a Nobel prize for their contributions to experimental economics and their explorations of the influence fairness has on consumer decision-making
Which economist did not receive a Nobel Prize for this work? A) Daniel Kahneman B) Vernon Smith C) Alan Krueger D) Maurice Allais
To grow and prosper, less-developed countries must not:
A. invest in human capital. B. build a strong infrastructure. C. shift resources out of the production of consumer goods and into the production of capital goods. D. shift resources out of the production of capital goods and into the production of consumer goods