If the demand of U.S. dollars drops sharply
A. the dollar will depreciate in value.
B. foreigners holding U.S. assets will suffer tremendous losses.
C. Americans will have to pay a lot more for imported goods.
D. All of the choices are true.
D. All of the choices are true.
Economics
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What is the relationship between the marginal benefit, value, and demand?
What will be an ideal response?
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Refer to Figure 11-1. The marginal product of the 3rd worker is
A) 57. B) 19. C) 15. D) 11.
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People must make choices because
a. wants are limited. b. resources are unlimited. c. they are unequally endowed with talent. d. wants are unlimited and resources are scarce.
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A tax is more likely to promote economic equality if it is
A. regressive. B. proportional. C. indirect. D. progressive.
Economics