Which of the following could result from a balance-of-trade deficit?
a. The value of the dollar increases, so Americans can buy more goods from other countries for the same amount of money.
b. The value of the dollar declines, so Americans have to pay more for goods from other nations.
c. The value of the dollar increases, making American products cheaper abroad, thereby increasing our exports.
d. The value of the dollar declines, which makes American products more expensive abroad, thereby decreasing our exports.
b
You might also like to view...
Suppose the multiple correlation coefficient (R) is .60 for the relationship between political tolerance (dependent variable) and the two independent variables years of school and age. Interpret this result
What will be an ideal response?
Laws designed to protect reporters from revealing their sources are referred to as
A) Blue Laws. B) Canons of Ethics. C) Shield Laws. D) Safe Laws. E) Time Laws.
Tensions regarding weapons proliferation heightened in October 2006 when:
A) Libya used weapons of mass destruction against Syria. B) North Korea conducted its first nuclear test. C) India and Pakistan detonated nuclear devices within a few weeks of each other. D) Israel conducted nuclear tests in the Atlantic Ocean. E) Israel and Palestine attacked each other with chemical weapons.
As the nation has shifted from manufacturing to service industries, union membership has increased
Indicate whether the statement is true or false