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Author Question: The higher the exchange rate today, the A) smaller is the expected profit from buying U.S. ... (Read 38 times)

BrownTown3

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on: Jun 29, 2018
The higher the exchange rate today, the
 
  A) smaller is the expected profit from buying U.S. dollars today and holding them.
  B) greater is the expected profit from buying U.S. dollars today and holding them.
  C) smaller is the expected profit from buying foreign currency today and holding it.
  D) greater the quantity of U.S. dollars demanded in the foreign exchange market today.

Question 2

The labor demand curve slopes downward because
 
  A) the firm maximizes profits by hiring more labor when the real wage rate rises.
  B) workers supply more hours of work when the real wage rate rises.
  C) the firm maximizes profits by hiring more labor when the real wage rate falls.
  D) workers supply fewer hours of work when the real wage rate rises.


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Natalie4ever

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


BrownTown3

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Dnite

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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