As the U.S. dollar’s foreign-exchange value falls, we should expect to see
A. more Americans travelling abroad.
B. American import levels rising.
C. more foreigners visiting the United States.
D. increased foreign investment by American firms.
Answer: C
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A decrease in growth rates will cause:
Why are social institutions such as firms, markets, property rights, and money necessary?
What will be an ideal response?
If the Federal Reserve raises the real interest rate for any given inflation rate ________
A) investment spending would increase B) it would lead to higher consumption spending and net exports C) the aggregate demand curve would shift to the left D) all of the above E) none of the above
What is a sumptuary tax? Give an explanation for how cigarette taxes could be justified as a sumptuary tax. Give an explanation for why cigarette taxation might not, in actuality, achieve the goal of sumptuary taxation
What will be an ideal response?