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Social Science Clinic => Economics => Topic started by: crazycityslicker on Jun 29, 2018

Title: An increase in a fixed exchange rate from 2.00 per pound to 2.10 per pound is called a(n) ________ ...
Post by: crazycityslicker on Jun 29, 2018

An increase in a fixed exchange rate from 2.00 per pound to 2.10 per pound is called a(n) ________ of the pound.
 
  A) devaluation B) appreciation C) revaluation D) depreciation

Question 2

Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a theater ticket. If the price of one ticket rises from 10 to 19
 
  A) only three tickets will be sold. B) consumer surplus decreases from 31 to 6.
  C) no one will buy a ticket. D) consumer surplus increases from 44 to 71.

Title: An increase in a fixed exchange rate from 2.00 per pound to 2.10 per pound is called a(n) ________ ...
Post by: kusterl on Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

B

Title: An increase in a fixed exchange rate from 2.00 per pound to 2.10 per pound is called a(n) ________ ...
Post by: crazycityslicker on Jun 29, 2018

Correct answers!

Title: An increase in a fixed exchange rate from 2.00 per pound to 2.10 per pound is called a(n) ________ ...
Post by: kusterl on Jun 29, 2018

Great! Please up vote :D