What are the three main sets of factors that cause the supply and demand curves in the foreign exchange market to shift?
What will be an ideal response?
The three main sets of factors are changes in the demand for U.S.-produced goods and services and changes in the demand for foreign-produced goods and services; changes in the desire to invest in the United States and changes in the desire to invest in foreign countries; and changes in the expectations of currency traders about the likely future value of the dollar and the likely future value of foreign currencies.
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Free trade:
A. discourages growth by increasing competitive pressures on domestic firms. B. encourages growth by effectively eliminating all patent and copyright barriers to growth. C. discourages growth compared to situations where the government strongly controls foreign trade. D. encourages growth by promoting the rapid spread of new inventions and innovations.
A fruit picker is most likely to be
What will be an ideal response?