Which of the following is most likely to lead to an increase in the value of the dollar?
A) decline in U.S. interest rates
B) increase in imports to the United States
C) decrease in exports from the United States
D) increase in U.S. interest rates compared to foreign interest rates
D
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All of the following are examples of risky mortgages that became more common in the 2000s EXCEPT
A) alt-A mortgages. B) adjustable-rate mortgages with low rates for a few years and then higher rates in later years. C) mortgages requiring down payments of at least 20%. D) subprime mortgages.
Which group is always harmed by inflation?
a. Borrowers b. Lenders c. Businesses d. Variable income earners (e.g. workers) e. Fixed income earners with no supplementary benefits and few assets.
Over the last 20 years, American APS has
A. never been above 0.1. B. sometimes been above 0.1. C. usually been above 0.1. D. always been above 0.1.
If a firm is selling in an imperfectly competitive product market, then:
A. average product will be less than marginal product for any number of workers hired. B. the marginal products of successive workers must be sold at lower prices. C. the marginal products of successive workers can be sold at higher prices. D. the marginal products of successive workers can be sold at a constant price.