An increase in the value of the U.S. dollar will tend to cause, other things the same ________
A) an increase in the volume of U.S. imports
B) an increase in the volume of U.S. exports
C) an increase in the volume of U.S exports and imports
D) a decrease in the volume o U.S. exports and imports
A
You might also like to view...
A full-time student who is not working is categorized as
A) unemployed. B) employed. C) not in the labor force. D) frictionally unemployed. E) a discouraged worker.
John’s Bait Shop was surprised to learn that when it raised prices by 10 percent, total revenue was unaffected. This is because the elasticity for bait is
A. unit elastic. B. inelastic. C. elastic. D. Not enough information is given.
If the MRP of labor is below the wage rate, the firm should lay off workers
a. True b. False Indicate whether the statement is true or false
What term refers to the idea that society has limited resources and therefore cannot produce all the goods and services people wish to have?
a. inefficiency b. inequality c. scarcity d. market failure