A weaker value of the U.S. dollar strengthens exports of American agricultural crops.
Answer the following statement true (T) or false (F)
True
A weak dollar makes U.S. goods relatively less expensive and therefore will cause exports to increase.
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Suppose that consumers' preferences are well behaved in that properties 4-1 to 4-4 are satisfied. Furthermore, assume that X is a normal good, Y is an inferior good, and the price of good Y increases. Then, which of the following effects is known with certainty?
A. The income and substitution effects will reinforce one another, leading to an overall increase in the consumption of good Y. B. The income and substitution effects will have competing effects, leading to an indeterminate impact on the consumption of good Y. C. The income and substitution effects reinforce one another, leading to an overall decrease in the consumption of good X. D. The income and substitution effects will reinforce one another, leading to an overall increase in the consumption of good X.
All of the following are advantages of organizing a business as a sole proprietorship EXCEPT
A. limited liability. B. ease of decision-making. C. single taxation. D. ease of formation.
In the United States, corporate profits are taxed
A) only at the corporate level. B) only when investors receive dividends. C) at both the corporate level and when investors receive dividends. D) neither at the corporate level nor when investors receive dividends.
Graphically, what impact would an increase in the price of jet fuel have on the market for air travel?
a. It would shift the supply curve for air travel to the right. b. It would shift the supply curve for air travel to the left. c. It would shift the demand curve for air travel to the right. d. It would shift the demand curve for air travel to the left.