An increase in the U.S. demand for foreign exchange will
a. decrease the price of foreign exchange
b. decrease the value of the U.S. dollar
c. increase the value of the U.S. dollar
d. make foreign goods less expensive in U.S. dollars
e. make U.S. goods more expensive in foreign exchange
B
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Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Morocco gain compared to the "without trade" numbers?
A) 0 B) 15 C) 60 D) 75
A consequence of increasing marginal costs of producing laptop computers in the United States is
A) the United States will not export laptop computers. B) the United States will stop short of complete specialization in the production of laptop computers. C) the United States will likely impose trade restrictions on imported laptop computers. D) the United States will import laptop computers from countries that don't experience increasing marginal costs.