In the United States, the parity system and commodity support program have historically covered only three basic farm products: wheat, corn, and tobacco
Indicate whether the statement is true or false
F
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Each of the following would decrease the supply of U.S. dollars, shifting the supply curve for dollars to the left, except:
A. a decrease in U.S. real GDP. B. a depreciation of the U.S. dollar relative to other currencies. C. a decrease in the real interest rate on foreign assets. D. a decreased preference for foreign-made goods.
Referring to Figure 19.1, U.S. goods will become cheaper in Mexico if the exchange rate goes from ________ to ________ pesos to the dollar
A) 12; 13 B) 10; 14 C) 12; 11 D) 11; 13
What is the exchange rate between the dollar and the British pound if a pair of American jeans costs 60 dollars in New York and 30 Pounds in London?
A) 1.5 dollars per British pound B) 0.5 dollars per British pound C) 2.5 dollars per British pound D) 3.5 dollars per British pound E) 2 dollars per British pound
Between 1821 and 1930, the U.S. gained a comparative advantage in the production of agricultural goods
Indicate whether the statement is true or false