Multiple Choice
Which of the following best describes the international trade effect?
A) The price level in the U.S. falls relative to foreign price levels, U.S. goods become relatively less expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
B) The price level in the U.S. falls relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
C) The price level in the U.S. rises relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy fewer U.S. goods.
D) The price level in the U.S. rises relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
E) a and c
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Aggregate demand curves are<br>A) downward sloping.<br>B) upward
Q16: In the short run,an increase in investment,ceteris
Q34: If labor productivity rises at the same
Q43: As the U.S.dollar appreciates and the Japanese
Q91: Suppose the real exchange rate of 10
Q92: Which of the following is an example
Q118: Which of the following statements is true?<br>A)
Q142: As interest rates drop,households tend to borrow
Q154: If wage rates fall at the same
Q168: One reason the AD curve is downward