If the U.S. dollar becomes weaker in international foreign exchange markets, imported goods become more expensive. One result of this is that
A) domestic employment rises. B) net exports increase.
C) real Gross Domestic Product (GDP) increases. D) net exports decrease.
B
You might also like to view...
In 2006, the European Union tariff on imported bananas from Latin America was €176 a ton. Suppose 2
5 million tons of bananas were imported in 2006 but then the tariff decreased to €152 a ton in 2007 and as a result, 3 million tons were imported in 2007. What is the tariff revenue in 2007? A) €445,000,000 B) €528,000,000 C) €440,000,000 D) €375,000,000
How is the typical market basket determined for the Consumer Price Index (CPI)?
a. By the President b. By the U.S. Congress c. By a survey of the spending patterns of thousands of businesses d. By a survey of the spending patterns of thousands of government agencies e. By a survey of the spending patterns of thousands of households
Which of the following is an example of countervailing power at work?
a. The government monopolizes the United States Postal Service. b. Ford and General Motors join forces to raise prices. c. Compaq and IBM merge. d. Microsoft lowers price below cost to drive rivals out of business. e. Big business is met across the bargaining table by big labor.
What is the primary purpose of Citizens Against Government Waste?
a. Quantifying the amount of pork-barrel spending b. Summarizing federal agency expenditures c. Monitoring the activities of politicians d. Analyzing state and local budgets