When the U.S. dollar drops in value exports tend to:
A. go up, which increases the trade deficit.
B. fall, which increases the trade deficit.
C. fall, which decreases the trade deficit.
D. go up, which decreases the trade deficit.
Answer: D
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The basic problem of economics arises when there are unlimited resources available to fulfill society's limited wants
a. True b. False
The opportunity cost of holding money varies with the __________.
Fill in the blank(s) with the appropriate word(s).
The inputs that a manager uses to alter production are referred to as:
A. fixed factors. B. variable factors. C. long-run factors. D. All of the statements are correct.
The Laffer curve shows as tax rates rise, tax revenue:
A. rises. B. first rises, then falls, and then rises again. C. falls. D. first rises, and then falls.