Holding everything else constant, a country's imports will decrease if the:
A) country's currency appreciates.
B) country's currency depreciates.
C) country's currency is revalued.
D) none of the above.
Answer: B) country's currency depreciates.
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The government is looking to double the living standards of its population in 18 years, what rate of GDP growth would it need to achieve that?
a. 1% b. 2% c. 3% d. 4%
Monetary policy operates mainly on investment, which responds slowly to changes in interest rates.
Answer the following statement true (T) or false (F)
Open market operations by the Fed cause
A. aggregate supply to change. B. the prices of bonds to change. C. changes in the required reserve ratio. D. changes in the difference between the discount rate. and the federal funds rate.
The table above gives the total revenue and total cost for a perfectly competitive firm producing chocolate chip cookies. If the firm is producing 4 pounds of cookies, to maximize its profit it will
A) increase its output. B) decrease its output. C) continue producing 4 pounds of cookies. D) shut down.