Suppose the U.S. removes an import quota on steel. U.S. exports
a. increase, the real exchange rate of the U.S. dollar appreciates, and U.S. net capital outflow increases.
b. increase, the real exchange rate of the U.S. dollar depreciates, and U.S. net capital outflow is unchanged.
c. decrease, the real exchange rate of the U.S. dollar appreciates, and U.S. net capital outflow is unchanged.
d. decrease, the real exchange rate of the U.S. dollar depreciates, and U.S. net capital outflow decreases.
b
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Christy is a telemarketer. She estimates that this summer, she has a 0.2 probability of earning $10,000, a 0.5 probability of earning $5,000, and a 0.3 probability of earning only $1,000. What is Christy's expected income?
A) $7,256 B) $5,333 C) $4,800 D) $4,000
If a coin is flipped two times, what is the probability of a tail appearing on the first toss and then a head appearing on the second toss?
A) 0.50 B) 1.0 C) 0.75 D) 0.25
Economists would predict that if salaries increased for engineers and decreased for MBAs, fewer people than before would go to graduate school in business and more than before would go in engineering, ceteris paribus
a. True b. False Indicate whether the statement is true or false
In order to increase tax revenue, the government of Quorta decides to impose an excise tax. Which of the following goods should it tax?
a. Candy b. Beer c. Gasoline d. Restaurant meals