Econ

Which of the following will NOT result in a rightward shift of the market supply curve for labor? A. a decrease in non-wage income B. an increase in labor productivity C. an increase in the working-age population D. an increase in immigration

An increase in labor productivity

If $1.00 U.S. bought $1.40 Canadian dollars in 2006 and in 2010 it bought $1.00 Canadian dollar, then;

the Canadian dollar appreciated against the U.S. dollar.

Many states do have ____________, which impose an upper limit on the interest rate that lenders can charge. A. minimum interest rate B. price ceiling laws C. price floor laws D. usury laws

Usury laws

Which of the following will not result in a leftward shift of the market demand curve for labor? A. a decrease in labor productivity B. an increase in the wage rate C. a decrease in demand for the firm's product D. a decrease in the firm's product price

a decrease in the firms product price

Which of the following is an example of a pegged currency? A. U.S. dollar B. British pound C. Euro D. Chinese yuan

Chinese Yuan

Which of the following is when a nation adopts another country or group of countries' currency A.Floating Exchange Rates B. Pegged Rates C. None of the answer choices D. Common Currency

Common Currency

If government policy allows a country's currency to be determined in the exchange rate market, then that currency will be subject to:

Floating exchange rate

If the Canadian dollar is strengthening, then: A. it has been unpegged from other currencies. B. Canada has adopted a hard peg policy. C. Canada has purchasing power parity. D. it has appreciated in terms of other currencies.

It has appreciated in terms of other currencies

_________ is a way to compare and equalize the prices of internationally traded goods across countries. A. A floating exchange rate B. Purchasing power parity C. The foreign exchange rate D. An international parity rate

Purchasing power parity

One of the following groups is not participating in the foreign exchange markets. Which one?

an Iowa travel firm that arranges vacation tours for local seniors to Hawaii

Many economists believe that the trend toward greater wage inequality across the U.S. economy was primarily caused by ___________________. A. the recession B. the rise of global markets C. inflation D. new technology

new technology

Which of the following government policies would be the least likely to be found in a labor market? A. minimum wage B. living wage laws C. price ceilings D. price floors

price floors

If a nation merges its currency with another nation to create a single currency, what must it give up? A. the ability to purchase currency in foreign exchange markets B. the ability to fight recessions and control inflations C. the ability to determine its own nationally-oriented monetary policy D. the ability to sell currency in foreign exchange markets

the ability to determine its own nationally-oriented monetary policy

In 2010, $1.00 U.S. bought 8.24 Chinese yuan and in 2012 it bought 6.64 Chinese yuan. How many U.S. dollars could 1 Chinese yuan purchase in 2010 and 2012? A. 2010: 1.2 U.S. dollars; 2012: 1.5 U.S. dollars B. 2010: .12 U.S. dollars; 2012: .15 U.S. dollars C. None of the answer choices D. 2010: .15 U.S. dollars; 2012: .11 U.S. dollars E. 2010: .82 U.S. dollars; 2012: .66 U.S. dollars

2010: .12 U.S. dollars; 2012: .15 U.S. dollars

In 2010, 100 Japanese yen purchased .88 U.S. dollars and in 2013, it purchased .93 U.S. dollars. How much was 1 U.S. dollar worth in Japanese yen, in 2010 and 2013? A. 2010: 88 yen, 2013: 93 yen B. 2010: 100 yen, 2013: 114 yen C. 2010: 113.6 yen, 2013: 107.5 yen D. 2010: 112.4 yen, 2013: 105.3 yen

2010: 113.6 yen, 2013: 107.5 yen

A stronger euro is less favorable for: A. German tourists traveling abroad. B. American tourists traveling in France. C. Canadian firms selling in Germany. D. Canadian investors with money investments in Germany

American tourists traveling in France

Portfolio investments are often made based on beliefs about how__________ are likely to move in the near future A.foreign investment tax rates B. bond rates and interest rates C. exchange rates or rates of return D. interest rates

Exchange rates or rates of return

A stronger British pound is beneficial for: A. U.S. exchange students studying in Britain with a U.S. scholarship. B. British firms selling goods and services in Canada. C. British investors who have invested money in Australia. D. exchange students with a British scholarship studying in Canada.

Exchange students with a British scholarship studying in Canada

People or firms use one currency to purchase another currency at the

Foreign exchange market

Improvements in the productivity of labor will tend to A. decrease the supply of labor B. increase wages C. decrease wages D. increase the supply of labor

Increase the supply of labor

If the demand for software engineers ____________ slower than does supply, then wages of software engineers will _______. A. decreases; fall B. increases; remain constant C. increases, rise D. increases; fall

Increase, fall

Which of the following is when the capital that flows across national boundaries as either portfolio investment or direct investment A. Pegged currency B. International capital flows C. Tobin taxes D. Merged currency E. None of the answer choices

International capital flows

Are markets always in equilibrium? A. No, but if there is no outside interference, they tend to move toward equilibrium. B. No, they never "settle down" into a stable price and quantity. C. Yes, because very few things tend to alter supply and demand D. Yes, they are always at the equilibrium point, or very close to it.

No, but if there is no outside interference, they tend to move toward equilibrium

The "law of supply" functions in labor markets; that is, a higher ___________ for labor leads to a higher quantity of labor supplied. A. price B. demand C. supply D. quantity E. None of the answer choices

Price

Foreign direct investment is the term used to describe purchases of firms in another country that involve: A.the exchange rate market B. using another currency C. internationally traded goods across countries D. taking a management responsibility

Taking a management responsibility

If 112 Japanese yen purchased $1.00 U.S. in 2008 and 83 Japanese yen purchased $1.00 U.S. in 2009, then:

The dollar depreciated against the yen

If the U.S. dollar weakens, which of the following parties will benefit? A. countries exporting to the U.S. B. Australian firms selling in the U.S. C. U.S firms selling in Europe D. Japanese investors who have money in the U.S.

US firms selling in Europe

The supply curve of textbooks (which are produced using paper made from trees) will shift to the left in response to: A. a sharp increase in the demand for and construction of wood-frame homes B. an increase in the supply of lumberjacks C. a decline in college tuition. D. an end to government regulations that limit timber harvesting in national forests.

a sharp increase in the demand for and construction of wood-frame homes

Which of the following results in a rightward shift of the market demand curve for labor? A. a decrease in labor productivity B. an increase in the wage rate C. a decrease in the firm's product price D. an increase in demand for the firm's product

an increase in demand for the firm's product

For firms engaged in international lending and borrowing, ____________________ can have an enormous effect on profits. A. foreign portfolio investments B. foreign direct investment C. swings in exchange rates D. trade-offs and risks

swings in exchange rates