When the U.S. dollar rises in value, this tends to _____ our imports and ______ our exports.
Fill in the blank(s) with the appropriate word(s).
raise; lower
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As we move along a planned expenditures line
A) price level falls. B) price level fluctuates depending on whether the economy is expanding or contracting. C) price level rises. D) price level is held constant.
Draw two graphs: one showing the relationship of average product, marginal product, and total product; the other showing the relationship of AFC, AVC, and ATC. Then relate the shape of the marginal product to that of the marginal cost.
What will be an ideal response?
A current account surplus indicates that America is ________ its claims on foreign wealth, while a deficit indicates that this country is ________ its claims on foreign wealth
A) reducing; reducing B) reducing; increasing C) increasing; reducing D) increasing; increasing
Domestic currency appreciation? will:
A) help domestic firms that export and hurt domestic firms that import.
B) hurt domestic firms that import.
C) hurt domestic firms that export and help domestic firms that import.
D) help domestic firms that export.