Which of the following is most likely to result from a stronger dollar?
A) U.S. goods exported aboard will cost less in foreign countries, and so foreigners will buy more of them.
B) U.S. goods exported aboard will cost more in foreign countries and so foreigners will buy more of them.
C) U.S. goods exported abroad will cost more in foreign countries, and so foreigners will buy fewer of them.
D) Americans will purchase fewer foreign goods.
C
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Short-run macroeconomic equilibrium occurs when
A) structural and frictional unemployment equal zero. B) the equilibrium lies on the long-run aggregate supply curve. C) aggregate demand and short-run aggregate supply intersect. D) A and B
The U.S. supply curve of dollars is upward-sloping because a:
a. higher number of yen per dollar means Japanese goods are cheaper in Japan. b. higher number of yen per dollar means Japanese goods are cheaper in the U.S. c. lower number of yen per dollar means Japanese goods are cheaper in the U.S. d. none of these.
If payroll taxes are increased, there will be a
A. Rightward shift of the labor supply curve. B. Leftward shift of the labor supply curve. C. Movement up the labor supply curve to the right. D. Movement down the labor supply curve to the left.
Learning economies differ from economies of scale because
A. the former involves rising average costs and the latter involves falling average costs as a result of higher output levels. B. the former involves output in a single period of production and the latter involves cumulative output. C. the first is a short-run phenomenon and the second is a long-run phenomenon. D. the former involves cumulative production and the latter involves rate of production per period.