The larger the value of U.S. imports, the greater the quantity of ________ causing the quantity supplied of dollars to ________
A) U.S. dollars demanded; increase
B) U.S. dollars demanded; decrease
C) foreign currency demanded; increase
D) foreign currency demanded; decrease
C
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Futures contracts are least likely to be traded on which of the following exchanges?
A) New York Stock Exchange B) Chicago Board of Trade C) Chicago Mercantile Exchange D) All of the above are equally likely to trade futures contracts.
Hector's wealth is zero, he expects to work for another 45 years at a constant salary of $80,000 and live for another 60 years
Assuming taxes are zero, if Hector receives an unexpected $20,000 increase in salary his first year of work and he completely smooths consumption over his lifetime, his annual consumption is A) $67,500 B) $75,000. C) $80,000. D) $111,111.