Which of the following would NOT increase British exports to the United States?
A. an appreciation of the British pound
B. a depreciation of the British pound
C. an appreciation of the U.S. dollar
D. an increase in British demand for U.S. exports
Answer: A
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Quantitative easing by the Fed refers to
A) the creation of bank reserves by engaging in large-scale open market operation at very low interest rates. B) decreasing the money supply during a recession to prevent inflation. C) selling private securities issued by the Fed. D) lowering the federal funds rate while increasing the discount rate. E) lowering the required reserve ratio to zero percent.
The expenditure method of measuring GDP is calculated by adding up: a. the final goods and services produced domestically during a given period
b. C + I + G + (X M). c. domestic production of final goods and services for consumers, firms, government, and the international sector (through net exports). d. all of the above.
Along the long-run aggregate supply curve, the level of RGDP supplied ____ with increases in the price level
a. does not change b. increases c. decreases slightly d. decreases dramatically
In well-functioning markets, all of the following reflect the degree of product variety except
A. gains from network externalities. B. differences in consumers' tastes. C. gains from coordination. D. cost economies from standardization.