When the dollar buys less foreign currency, there has been a depreciation of the dollar.

Which was not a way in which tariffs hurt the South?

a. Southern produced products lost US market share. b. The tariffs raised the price of imported goods to consumers. c. England had less money with which to purchase American made goods.

Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below. Mega Corp: TC = 5,000 + 100Q Big Inc: TC = 4,000 + 200Q ________ has a higher fixed cost and ________ has a higher marginal cost.

A. Mega Corp; Big Inc B. Big Inc; Big Inc C. Mega Corp; Mega Corp D. Big Inc; Mega Corp