If the number of South Korean Won it takes to buy a U.S. dollar rises and the prices of U.S. goods rise more than the prices of South Korean goods. then the US real exchange rate
a. appreciates and so U.S. net exports fall.
b. appreciates and so U.S. net exports rise.
c. depreciates and so U.S. net exports fall.
d. depreciates and so U.S. net exports rise.
a
You might also like to view...
The purpose of antitrust laws is to:
a. reduce anticompetitive activities. b. regulate electric companies. c. guarantee worker safety. d. promote quality products.
When advertising enhances the ability of markets to allocate resources, it is most likely: a. manipulating people's tastes
b. increasing the brand loyalty of existing customers. c. advertising about the existence of new products. d. addressing psychological, rather than informational, characteristics of a good.
As sales of digital cameras increase, so do sales of photo printers. What factor is affecting demand?
a. consumer expectation b. consumer taste c. complements d. substitutes
The total market value of final goods and services produced in an economy during a one-year period is
A. profit. B. net national product. C. personal income. D. Gross Domestic Product.