If the French demand for American exports rises at the same time that U.S. productivity rises relative to French productivity, then, in the long run,
A) the euro should appreciate relative to the dollar.
B) the dollar should depreciate relative to the euro.
C) the dollar should appreciate relative to the euro.
D) it is not clear whether the euro should appreciate or depreciate relative to the dollar.
C
You might also like to view...
First Buy Television Antenna Company provided the following manufacturing costs for the month of June
Direct labor cost $132,000 Direct materials cost 84,000 Equipment depreciation (straight-line) 24,000 Factory insurance 10,000 Factory manager's salary 10,200 Janitor's salary 4,000 Packaging costs 18,600 Property taxes 16,000 From the above information, calculate First Buy's total fixed costs. A) $298,800 B) $40,200 C) $60,200 D) $64,200
Judges are not immune from prospective injunctive relief
a. True b. False