The broadest measure of the price level that includes all final goods and services is

The depreciation of the dollar will make U.S. goods ________ to foreigners and make imports ________ for U.S. residents

A) more expensive; cheaper B) cheaper; more expensive C) cheaper; cheaper D) more expensive; more expensive

Preferential trade agreements have a beneficial trade-diversion effect when they reduce prices for traded goods and stimulate the volume of international trade

a. True b. False Indicate whether the statement is true or false