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Author Question: An appreciation is A) a decrease in the trade deficit. B) a decrease in the value of currency. ... (Read 119 times)

casperchen82

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on: Jun 29, 2018
An appreciation is
 
  A) a decrease in the trade deficit. B) a decrease in the value of currency.
  C) an increase in the trade surplus. D) an increase in the value of currency.

Question 2

A country produces only apples and bananas. Moving from point A to point B along its production possibilities frontier, 5 apples are forgone and 4 bananas are gained. What is the opportunity cost of a banana?
 
  A) 1 banana
  B) 5/4 of an apple
  C) 4 apples
  D) 4/5 of an apple
  E) None of the above answers is correct.


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janeli

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

D

Answer to Question 2

B


casperchen82

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Reply #2 on: Jun 29, 2018
Thank you :)


janeli

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Reply #3 on: Jun 29, 2018
Happy to help you


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