A depreciation in the value of the U.S. dollar would:
A. encourage foreigners to travel on American owned airlines.
B. make U.S. goods more expensive to foreign consumers.
C. decrease the number of dollars it takes to buy a Swiss franc.
D. make it more expensive for U.S. citizens to travel abroad.
Answer: D
You might also like to view...
In the above figure, if the market produces the efficient amount of purses then producer surplus equals triangle
A) abc. B) bcd. C) adc. D) dce.
If Molly Bee increases her work hours when her wage increases, then
A) the substitution effect of the wage increase outweighs the income effect. B) the income effect of the wage increase outweighs the substitution effect. C) leisure is an inferior good to Molly. D) Molly is spending beyond her means.
According to the simple quantity theory of money in the AD-AS framework, when the money supply decreases, the result is __________ in Real GDP and __________ in the price level
A) no change; no change B) a rise; no change C) no change; a rise D) a rise; a fall E) no change; a fall
According to the interest rate effect, as the price level rises,:
A. people feel poorer and buy less. B. United States products become more expensive and foreigners buy less U.S. goods. C. interest rates fall, and people buy less. D. interest rates rise, and people buy less.