If the dollar appreciates:
a. imports to the United States become more expensive for foreigners
b. exports from the United States become more expensive for foreigners
c. imports become more expensive for U.S. citizens.
d. exports from the United States become cheaper
e. the dollar will exchange for fewer units of a foreign currency
b
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If the quantity of housing demanded ________ the quantity of housing supplied, scarce housing resources are allocated efficiently because the marginal cost of the housing ________ the marginal benefit
A) is more than; equals B) is less than; equals C) equals; is more than D) equals; is less than E) equals; equals
The single most important reason for Canada's seeking a free trade agreement with the United States was to
A) ensure its access to the U.S. market. B) ensure its ability to join NAFTA. C) harmonize its environmental laws with the United States. D) avoid international outsourcing in low wage countries.