How will the exchange rate (foreign currency per dollar) respond to an increase in preference for imported goods in the United States in the long run?
A) Exchange rates will be unaffected by changes in the relative rate of productivity growth in the United States, both in the short run and in the long run.
B) Exchange rates will fall.
C) Exchange rates will rise.
D) The exchange rate will be affected in the short run, but not in the long run.
B
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The practice of charging different prices to various groups of customers that are not based on differences in the costs of production is referred to as:
A) predatory pricing. B) markup pricing. C) discretionary pricing. D) price discrimination.
The unemployment rate for the U.S. economy in 2014 averaged about
a. 10.2 percent. b. 8.5 percent. c. 6.5 percent. d. 4 percent.
What is the most efficient tax and why?
Our merchandise balance of trade has been negative since the
A. 1960s. B. 1970s. C. 1980s. D. 1990s.