If a country's currency appreciates, then its exports will cost ________ abroad and its imports will cost ________ domestically
A) less; less
B) less; more
C) more; less
D) more; more
C
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We measure economic growth by the percentage change in real GDP. In general terms outline the course of the U.S. output growth rate in recent decades, both in terms of its trend and its changes around trend
Pay particular attention to the stability of the growth rate.
The quantity theory of money and prices asserts that
A) increases in the money supply lead to inflation. B) increases in the money supply lead to an increase in the velocity of money. C) increases in the money supply lead to a decrease in the velocity of money. D) increases in the money supply will increase real GDP.
Which of the following pricing strategies does NOT usually enhance the profits of firms with market power?
A. Price matching B. Marginal cost pricing C. Cross-subsidies D. Two-part pricing
The risk premium that investors associate with a bond increases with all of the following except:
A. maturity. B. inflation risk increases. C. an improved bond rating. D. interest-rate risk.