If the dollar appreciates against the Mexican peso,
A) U.S. exports to Mexico become less expensive.
B) U.S. exports to Mexico become more expensive.
C) Mexican imports to the U.S. become more expensive.
D) The value of Mexican imports to the United States does not change.
B
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The "depreciation rate" tells us
A) the interest rate that should be used in present discounted value calculations. B) the rate at which consumers deplete their total wealth in retirement. C) the difference between current and expected income. D) the difference between current and expected profits. E) how much usefulness a machine loses from year to year.
Sam decides to join the Gigantic State University's rugby team when he learns that his health insurance will pay for any subsequent injury. This illustrates:
A. the diagnosis-related-group system. B. a "pay or play" system. C. the moral hazard problem. D. the Coase theorem.