Other things the same, if the exchange rate changes from .8 euros per dollar to .9 euros per dollar, the dollar
a. depreciates so U.S. goods become less expensive relative to foreign goods.
b. depreciates so U.S. goods become more expensive relative to foreign goods.
c. appreciates so U.S. goods become less expensive relative to foreign goods.
d. appreciates so U.S. goods become more expensive relative to foreign goods.
d
You might also like to view...
The New Deal legislation passed by President Roosevelt was inspired by
A. economic problems caused by World War I. B. normal business cycles. C. the Irish potato famine of 1927. D. the Great Depression
The additional benefits that arise by using an additional unit of the managerial control variable is defined as the:
A. opportunity cost. B. marginal benefit. C. total benefit. D. present value of benefits.
If an isocost line crosses the isoquant twice, a cost minimizing firm will
A) use a different isocost line to select the bundle of inputs. B) use the input bundle associated with the intersection on the higher point of the isoquant. C) use the input bundle associated with the intersection on the lower point of the isoquant. D) Both B and C.
The provision of the Patient Protection and Affordable Care Act (ACA) which states that every firm with more than 200 full-time employees must offer health insurance to its employees and must automatically enroll them in the plan is the ________
provision. A) employer mandate B) state health insurance marketplaces C) individual mandate D) regulation of health insurance