If prices in the United States rose, which of the following could be directly attributed to the international substitution effect?
a. Americans reduce their purchases of Japanese cars.
b. Australians buy more American surfboards.
c. Europeans purchase fewer American-made personal computers.
d. Americans sell more wheat to India.
C
Economics
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When the U.S. dollar depreciates against other currencies:
a. foreign goods become less expensive to U.S. buyers. b. U.S. goods become more expensive to foreign buyers. c. foreign currencies depreciate against the U.S. dollar. d. the volume of U.S. imports decline. e. the volume of U.S. exports decline.
Economics
Which of the following is not a trade-restricting practice?
a. subsidy b. tariff c. quota d. a voluntary limit on exports e. higher safety standards for imports than for the same good sold domestically.
Economics