As the U.S. exchange rate ________, the price of U.S. imports increases and the quantity supplied of dollars ________
A) falls; does not change
B) falls; decreases
C) rises; increases
D) rises; decreases
E) falls; increases
B
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Define savings rate. If the aggregate savings in an economy is $10,000 and the aggregate income in the economy is $70,000, what is the savings rate in the economy?
What will be an ideal response?
If the government levies a specific tax on tobacco producers, the spending of consumers will probably
A) increase. B) decrease. C) remain unchanged. D) depend on supply elasticity.
The two year time period it will take a company to build a new factory is an example of what?
a. short-run b. long- run c. diminishing marginal returns d. implicit costs
Exhibit 11-1Use the information below to answer the following question(s). National income accountBillions ofdollars Personal consumption expenditures$900 Personal taxes 180 Government consumption and gross investment 300 Interest income 60 Exports 40 Imports 75 Depreciation 60 Gross private domestic investment 200 Refer to Exhibit 11-1. What is this country's gross domestic product?
A. $1,225. B. $1,305. C. $1,365. D. $1,440.