A depreciation of the U.S. dollar
A. makes U.S. exports more expensive in terms of foreign currency and imports less expensive in terms of the dollar, increasing net exports.
B. makes U.S. exports more expensive in terms of foreign currency and imports less expensive in terms of the dollar, decreasing net exports.
C. makes U.S. exports less expensive in terms of foreign currency and imports more expensive in terms of the dollar, increasing net exports.
D. makes U.S. exports less expensive in terms of foreign currency and imports more expensive in terms of the dollar, decreasing net exports.
Answer: C
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When you make the decision to spend your time attending class, which economic question are you answering?
A) Why? B) What? C) How? D) Is this in the social interest? E) For whom?
Total factor productivity in railroads _____________ in the 20 years prior to the Civil War
a. decreased slightly b. remained largely unchanged c. increased by about 25 percent d. more than doubled
Political institutions are more likely to allow and encourage the emergence of good economic institutions and policies when
a. the top government executives have enough power to impose good economic arrangements on the nation. b. constitutional constraints prevent laws and regulations that weaken the rights of property owners, curtail voluntary exchange, and provide for decentralization of government. c. the elected executive and legislative branches have fewer constraints on what they can do, leaving them free to innovate and improve economic institutions. d. well organized interest groups exert a powerful influence on the political process.
The majority of American workers are employed in the manufacturing sector.
Answer the following statement true (T) or false (F)