If the U.S. dollar depreciates, in the long run the United States should experience a
A. Larger deficit in the U.S. current account.
B. Lower inflation rate.
C. Smaller deficit in the U.S. trade balance.
D. Larger deficit in the U.S. capital account.
Answer: C
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Which currency below currently serves as a dominant reserve currency?
A) European euro B) U.S. dollar C) Japanese yen D) British pound
The Civil War was a result of
(a) the dispute over slave ownership in the South. (b) attempts to keep slaves out of the West. (c) attempts to protect state rights over federal control. (d) all of the above.
When U.S. computer companies hire workers in India to staff their customer service call centers, they are engaging in
A) predatory pricing. B) unfair trade practices. C) outsourcing. D) labor engagement.
Refer to the above diagram illustrating a market for pollution rights in which government has fixed the supply of rights at 1,000 tons. If there were no market for pollution rights in this case, the volume of pollutants discharged would be:
A. zero. B. 2,000 tons. C. 1,000 tons. D. 1,500 tons.