An increase in the price of the U.S. dollar in terms of euros will cause, ceteris paribus,
A. A lower European inflation rate.
B. European goods to be more expensive to residents of the United States.
C. European goods to be cheaper to residents of the United States.
D. Higher interest rates in the United States.
Answer: C
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A) decrease; increase B) decrease; decrease C) increase; decrease D) increase; increase
When the Condorcet system of voting is used, there is always a Condorcet winner
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