When the U.S. dollar depreciates against other currencies:
a. foreign goods become less expensive to U.S. buyers.
b. U.S. goods become more expensive to foreign buyers.
c. foreign currencies depreciate against the U.S. dollar.
d. the volume of U.S. imports decline.
e. the volume of U.S. exports decline.
d
Economics
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Prices that adjust slowly are
A) auction prices. B) custom prices. C) flexible prices. D) heavy prices.
Economics
If output is increased in the long-run, average production costs in the presence of internal economies of scale will ________, and in the presence of external economies of scale, will ________
A) decrease; decrease B) increase; remain constant C) remain constant; increase D) decrease; remain constant E) increase; decrease
Economics