The price at which one currency exchanges for another currency is called the
A) foreign exchange rate.
B) value of the dollar.
C) currency exchange rate.
D) net export exchange rate.
E) money exchange rate.
A
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The agreement between the United States, Mexico, and Canada that sought to lower trade barriers is known as
A) the General Agreement on Tariffs and Trade. B) the North American Free Trade Agreement. C) the World Trade Organization. D) the Smoot-Hawley Tariff Act. E) the New World Free Trade Agreement.
The debit side of the current account includes the imports of
a. goods only b. goods and services c. services only d. services and resources only e. financial assets
During the Great Depression, the rate of unemployment in the United States reached a high of
a. 10 percent. b. 15 percent. c. 20 percent. d. 25 percent.
If polluters are forced to pay for the cost of their pollution, they will reduce pollution toward a socially optimal amount.
Answer the following statement true (T) or false (F)