Suppose the supply of dollars decreased from S2 to S1 in Figure 36.3. As a result of this change,
A. A trade deficit will be created in Switzerland.
B. Swiss chocolate imports to the United States will be lower-priced in dollars.
C. The Swiss franc will gain value worldwide.
D. U.S. computer exports to Switzerland will be lower-priced in dollars.
Answer: B
Economics
You might also like to view...
The process by which the stock of equipment and structures available to an economy is increased by investment is referred to as:
A) output expansion. B) autonomous growth. C) capital accumulation. D) investment growth.
Economics
How do imports affect sellers' producer surplus?
What will be an ideal response?
Economics