If the dollar appreciates:
A. imports to the United States become more expensive for foreigners
B. exports from the United States become more expensive for foreigners
C. imports become more expensive for U.S. citizens.
D. exports from the United States become cheaper
Answer: B
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In the study of macroeconomics, production leads to income, and income leads to production in a continuing cycle
Indicate whether the statement is true or false
The government increases taxes. As a result, in the short run, real GDP ________ and the price level ________
A) increases; rises B) decreases; falls C) decreases; rises D) increases; falls
In Western nations, the desire for the incredible fruits of the materialist world may often
a. lead to very low opportunity costs of foreign aid b. lead to low birth rates and high death rates c. lead to an abandonment of the LDCs d. come at the expense of tradition e. lead to very high opportunity costs of innovation
If interest rates are high, the future payoff for every dollar saved is low.
Answer the following statement true (T) or false (F)