There is a flexible exchange rate system and only two countries in the world, the United States and Mexico. An increase in income growth in Mexico relative to income growth in the United States will cause the
A) dollar to appreciate.
B) peso to depreciate.
C) dollar to depreciate.
D) a and b
E) There is not enough information to answer the question.
D
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The value of a country's imports cannot exceed the value of its exports
a. True b. False
The aggregate demand curve is drawn downward-sloping, because increases in the price level cause decreases in:
a. unemployment. b. total spending (real GDP). c. households' savings. d. the value of the dollar.
In the United States, a typical worker's income peaks around age
a. 70. b. 60. c. 50. d. 40.
If snowboarding increases in popularity, what would be expected to happen to the demand and wages of workers who make the snowboards?
A. demand decreases and wages increase B. demand decreases and wages decrease C. demand increases and wages decrease D. demand increases and wages increase