Everything else held constant, a stronger dollar benefits ________ and hurts ________
A) American businesses; American consumers
B) American businesses; foreign businesses
C) American consumers; American businesses
D) foreign businesses; American consumers
C
You might also like to view...
Demand tends to be more elastic, the greater the number of good substitutes, the greater the fraction of one's income devoted to a product and the greater the time allowed to respond to a price change
a. True b. False Indicate whether the statement is true or false
Explain why a firm must consider variable costs rather than fixed costs, when deciding whether to produce
When the supply of a good decreases, there will be a(n):
A. decrease in the quantity demanded. B. decrease in demand. C. decrease in buyers' reservation prices for the good. D. increase in the quantity demanded.
Dale just won tickets to see a NASCAR race. His coworker offers to pay him $200 for them, but Dale decides to use them, even though he would not pay $200 for them himself. Dale's willingness to consume $200 worth of tickets that he doesn't value at $200 is attributed to:
A. his refusal to ignore the sunk cost of the tickets. B. the high fungibility of money. C. the explicit cost of ownership. D. None of these is correct.