Lower U.S. interest rates cause the value of the dollar to
A) fall, making U.S. goods relatively more expensive on world markets.
B) fall, making U.S. goods relatively cheaper on world markets.
C) rise, making U.S. goods relatively more expensive on world markets.
D) rise, making U.S. goods relatively cheaper on world markets.
B
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The fastest growing nations today are those with
A) few funds spent on research and development. B) government intervention in markets to ensure high prices. C) the least saving. D) the fastest growing exports and imports. E) barriers that significantly limit international trade.
Which of the following would contribute to a sustained high rate of economic growth in the long run in an economy?
A) an influx of immigrant labor into an economy without any accompanying technological change B) a shift of workers in the economy from the agricultural sector to the nonagricultural sector C) increases in labor force participation rates as workers who are out of the labor force pursue rising wages D) growth in capital per hour worked accompanied by technological change
Entry continues as long as
A) economic profits are zero. B) accounting profits are positive. C) accounting profits are positive and economic profits are negative. D) economic profits are positive.
The “investment” component of aggregate demand will include all of the following except
A. expenditures of business firms on new plants. B. expenditures of business firms on new equipment. C. resales of existing physical assets. D. household spending on new homes.