If a manufacturer sells goods abroad for less than they sell for at home, which of the following is true?
a. An embargo has been established.
b. A quota has been established.
c. The manufacturer is engaged in dumping.
d. There has been an improvement in the terms of trade.
e. Tariffs have been reduced.
C
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In the foreign exchange market, the demand for dollars increases and the demand curve for dollars shifts rightward if the
A) U.S. interest rate differential increases. B) foreign interest rate rises. C) exchange rate falls. D) expected future exchange rate falls. E) U.S. interest rate falls.
What does the unemployment rate represent?
(A) The percentage of the total population that is not employed. (B) The total number of people who are unable to find work. (C) The total number of people who are not employed. (D) The percentage of the total labor force that is unemployed.