Anything that increases the demand for foreign goods relative to domestic goods tends to ________ the domestic currency because domestic goods will only continue to sell well if the value of the domestic currency is ________,
everything else held constant.
A) depreciate; lower
B) depreciate; higher
C) appreciate; lower
D) appreciate; higher
A
You might also like to view...
In the diagram above, which figure(s) show(s) an inverse relationship between the variables?
A) both B and C B) only B C) both A and C D) only D E) only C
In the long run, the expansion path is
A) horizontal. B) vertical. C) diagonal. D) Not enough information.
The most important reason for why some people have higher income than others is ______.
Fill in the blank(s) with the appropriate word(s).
National income is equal to
A. the sum of all factor payments to resource owners. B. Gross Domestic Product (GDP) minus indirect business taxes. C. Gross Domestic Product (GDP) plus depreciation and indirect business taxes. D. Gross Domestic Product (GDP) minus NDP.