If the dollar price of the English pound goes from $1.50 to $1.75, the dollar has
What will be an ideal response?
depreciated, and Americans will find English goods more expensive.
Economics
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When a nation has a comparative advantage in the production of a particular good
A) the nation tends to avoid specialization. B) the comparative advantage encourages self-sufficiency. C) the opportunity cost of producing that good is higher than that of other goods. D) the nation can gain from trade.
Economics
The rate that the Fed controls most closely through its open-market operations is the
A. prime rate. B. government bonds rate. C. commercial paper rate. D. federal funds rate.
Economics