A higher U.S. exchange rate means that
A) foreign products are now more expensive to U.S. citizens.
B) foreign products are now cheaper to U.S. citizens.
C) U.S. products are now more expensive to U.S. citizens.
D) U.S. products are now cheaper to foreign countries.
Ans: B) foreign products are now cheaper to U.S. citizens.
You might also like to view...
An unpaid worker in a family business is classified as
A) not in the labor force. B) employed no matter how many hours the person worked in the previous week. C) unemployed no matter how many hours the person worked in the previous week. D) employed if the person worked at least 15 hours in the previous week. E) unemployed only if the person worked no hours in the previous week.
(Consider This) Rising wages for women in the United States have increased:
A. the proportion of women working part time compared to working full time. B. labor costs and thus shifted the nation's production possibilities curve inward. C. average family size in the United States. D. the percentage of married women in the workforce.