Which of the following would decrease the value of the dollar in the long run?
A) an increase in U.S. tariffs on foreign goods
B) a decrease in the demand for American goods relative to goods from other countries
C) a decrease in inflation in the United States relative to other countries
D) a decrease in the supply of dollars on the foreign exchange market
B
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All dose-response functions are
a. linear relationships d. horizontal relationships b. nonlinear relationships e. none of the above c. vertical relationship
In a balance of payments statement, the current account plus the financial account must equal the capital account
Indicate whether the statement is true or false
If Eddie can produce 40 milk shakes or 20 banana splits in an hour, and Tina can produce 30 milk shakes or 16 banana splits in an hour, then Tina has a comparative advantage in producing milk shakes.
Answer the following statement true (T) or false (F)
Figure 18.1Refer to Figure 18.1. Canada has a comparative advantage in the production of:
A. bicycles. B. hang gliders. C. both bicycles and hang gliders. D. neither bicycles nor hang gliders.