The demand for dollars is downward sloping because when dollar value rises,
a. Foreigners demand more of US goods and services
b. Foreigners demand less of US goods and services
c. Foreigners demand more dollars
d. It does not depend on the dollar value
b
You might also like to view...
Advances in statistical software is an example of:
A) skill-biased technological changes. B) labor-saving technological changes. C) unskilled-biased technological changes. D) labor-complementary technological changes.
The low saving rate in the United States is no cause for concern, so long as people in other countries are saving and are willing to send their savings into the U.S. economy by buying our assets. Comment
What will be an ideal response?
Human capital includes the tools and equipment that human beings work with
a. True b. False Indicate whether the statement is true or false
Suppose a U.S. dollar exchanges for 0.8 euros, then each euro is worth
A. $1.25. B. $1.20. C. $0.80. D. $0.20.