Goods and services bought domestically but produced in other countries are referred to as

The relative flexibility of the United States labor market explains why ________ in the United States than in Europe

A) income inequality is greater B) real wages grow more slowly C) unemployment is lower D) all of the above

Which of the following events illustrates the U.S. dollar strengthening against the euro?

a. The exchange rate changes from $1 = 1 euro to $1 = 3 euros. b. The exchange rate changes from $1 = 3 euros to $1 = 2 euros. c. The exchange rate changes from $1 = 1 euro to $2 = 1 euro. d. The exchange rate changes from $1 = 2 euros to $3 = 3 euros.