As the price of the U.S. dollar increases in terms of foreign currency,
a. U.S. products become cheaper for foreigners
b. foreign goods become cheaper for Americans
c. dollars are worth less
d. the U.S. demand for foreign exchange increases
e. the supply of foreign exchange to U.S. markets decreases
B
Economics
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If demand is elastic, a rise in price will decrease total expenditure
a. True b. False Indicate whether the statement is true or false
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In a market that is characterized by imperfect competition,
a. firms are price takers. b. there are always a large number of firms. c. there are at least a few firms that compete with one another. d. the actions of one firm in the market never have any impact on the other firms' profits.
Economics