Higher U.S. interest rates cause the value of the dollar to:
A. rise, making U.S. goods relatively cheaper on world markets.
B. rise, making U.S. goods relatively more expensive on world markets.
C. fall, making U.S. goods relatively cheaper on world markets.
D. fall, making U.S. goods relatively more expensive on world markets.
Answer: B
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Using the above figure and the Pareto criteria to determine the public interest, would a move from point A to point C be in the public interest?
a. yes b. no c. possible, depending upon other factors d. cannot say using the Pareto criteria
Gross domestic product equals the sum of consumption, investment, and government purchases.
Answer the following statement true (T) or false (F)
A tax that is placed on the quantity of the item being purchased, such as gallons of it, is called a(n)
A. Excise tax. B. Property tax. C. Income tax. D. None of the choices are correct.
If a bank receives a new demand deposit of $10,000 . and the legal reserve requirement is 20 percent, then the bank can lend out
a. $2,000 b. $10,000 c. $40,000 d. $8,000 e. $0