All of the following are possible explanations for why it took so long for trade balances to respond to the depreciation of the dollar EXCEPT
A) the prior increase in the value of the dollar had padded the profit margins of foreign producers.
B) foreign trade barriers made it impossible for the United States to substantially expand exports it bought.
C) there were still impacts from earlier appreciations working through the system.
D) exports began to increase from a much lower base than imports.
E) None of the above. That is, A, B, C, and D are all correct.
B
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Which of the following would NOT tend to increase the buying price in an oligopsony?
A) More buyers in the market B) Collusion among the buyers C) More elastic supply D) Rightward shift in the MV curve
Other things the same, an increase in the U.S. interest rate causes the quantity of loanable funds supplied to
a. rise because national saving rises. b. rise because domestic investment rises. c. fall because national saving falls. d. fall because domestic investment falls.