An increase in inflation in the United States relative to the rate in France would make:
A. U.S. goods relatively less expensive in the United States and in France.
B. French goods relatively less expensive in the United States and U.S. goods relatively more expensive in France.
C. French goods relatively more expensive in the United States and in France.
D. French goods relatively more expensive in the United States and U.S. goods relatively less expensive in France.
Answer: B
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If an individual makes her investment decisions based solely on the Net Present Value criterion, one can conclude that she is
A) risk averse. B) risk neutral. C) risk loving. D) extremely wealthy.
The bottom of the supply chain contains ________ and is referred to as the ________ end of the chain.
A) finished goods; downstream B) raw materials; upstream C) finished goods; upstream D) raw materials; downstream
The introduction of a tax in a perfectly competitive marketplace that is originally in equilibrium will lower total surplus.
Answer the following statement true (T) or false (F)
When a tax is imposed, the loss of consumer surplus and producer surplus as a result of the tax exceeds the tax revenue collected by the government
a. True b. False Indicate whether the statement is true or false