If the exchange rate rises, domestic goods become relatively ______ expensive. This change in the affordability of domestic goods makes domestic goods _____ attractive to foreigners. So, _______ ______
Fill in the blank(s) with correct word
more, less, exports, fall
You might also like to view...
Which of the following should help reduce the adverse selection problem?
A) the employer mandate provision of the Affordable Care Act B) the individual mandate provision of the Affordable Care Act C) keeping high-risk and low-risk individuals in the same health insurance pool D) all of the above
An increase in the unemployment rate which is accompanied by a decrease in the inflation rate is represented by a ________ the Phillips curve
A) movement down B) movement up C) upward shift of D) downward shift of
__________: Is a loss in value within a structure due to changes in tastes, preferences, technical innovations, or market standards.
Fill in the blank(s) with the appropriate word(s).
Refer to the diagram, assuming that the firm represented is operating on curve TC 1 . If the current price of the resource rises by $20, the optimal quantity extracted in the first year will:
A. increase by 250.
B. increase by 500.
C. decline by 250.
D. remain unchanged.