Assume that European interest rates fall as a result of decreased deficit spending by the governments of the European Union. We would expect all of the following, except:
a. a depreciation of the euro with respect to the U.S. dollar.
b. increased European demand for American government securities.
c. a higher level of U.S. imports from Europe.
d. higher U.S. net exports to Europe.
e. higher French exports to the United States.
d
Economics
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The amount of income a consumer has to spend on goods and services is known as
A) wealth. B) a budget constraint. C) purchasing power. D) effective demand.
Economics
Which of the following would both make a worker's wage higher than otherwise?
a. the work is safe, the employer pays an efficiency wage b. the work is safe, the employer does not pay an efficiency wage c. the work is dangerous, the employer pays an efficiency wage d. the work is dangerous, the employer does not pay and efficiency wage
Economics