Suppose the U.S. dollar price of the Japanese yen decreases. Given this information, which of the following is correct?
A) The dollar has appreciated.
B) The dollar has depreciated.
C) The yen has appreciated.
D) The yen price of the dollar decreased.
Answer: A
Economics
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Refer to Figure 5-2. The true marginal cost of the last unit produced is represented by the price
A) Pa. B) Pb. C) Pc. D) Pf.
Economics
The optimal level of water and air quality
a. is zero, which is a pollution-free environment b. occurs when the marginal private cost of air quality equals its marginal social cost c. is greater if the marginal social cost curve of air quality shifts downward d. occurs when all negative externalities are eliminated e. eliminates the common pool problem
Economics