Which of the following statements is TRUE?
A. American exports become cheaper for the British when the dollar appreciates.
B. Imports from Britain become less expensive for U.S. customers when the dollar depreciates.
C. American exports become more expensive for the British when the dollar appreciates.
D. Imports from Britain become more expensive for U.S. customers when the dollar appreciates.
Answer: C
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One reason for the short-run aggregate supply curve (SRAS) is:
A. a fixed CPI market basket. B. perfect knowledge of workers. C. fixed-wage contracts. D. the upward-sloping production function.
A country's trade is balanced when
A. its net exports are greater than zero. B. its government expenditures are equal to its tax revenues. C. its imports exceeds its exports. D. its net exports equal to zero.
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a. True b. False Indicate whether the statement is true or false