-The Table Above Shows the Exchange Rates Between Various Currencies

question 267

Multiple Choice

$$\begin{array} { | l | c | c | } \hline \text { Currency } & \begin{array} { c } \text { 2007 exchange rate } \\\text { (per U.S. dollar) }\end{array} & \begin{array} { c } \text { 2008 exchange rate } \\\text { (per U.S. dollar) }\end{array} \\\hline \text { Euro } & 0.9954 & 1.0747 \\\hline \begin{array} { l } \text { Tapanese } \\\text { yen }\end{array} & 102.20 & 114.90 \\\hline \begin{array} { l } \text { Canadian } \\\text { dollar }\end{array} & 1.44 & 1.50 \\\hline\end{array}$$
-The table above shows the exchange rates between various currencies and the U.S.dollar.Between 2007 and 2008,the U.S.dollar ________ against the euro and ________ against the Japanese yen.

• A) depreciated; depreciated
• B) appreciated; appreciated
• C) appreciated; depreciated
• D) depreciated; appreciated

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Definitions:

Compensating Differentials

Wage differences across jobs that reflect the attractive or unattractive aspects of those jobs, serving to equalize the desirability of these positions.

Teacher Quality

Teacher quality encompasses the various attributes of a teacher, including expertise, effectiveness in teaching, and ability to positively influence student outcomes.

Compensating Differential

A difference in wage rates designed to offset the desirability or undesirability of a job or job conditions.

Compensating Differential

A difference in wage rates designed to offset the desirability or undesirability of a job's attributes.