Everything else held constant, when a country's currency appreciates, the country's goods abroad become ________ expensive and foreign goods in that country become ________ expensive
A) more; less
B) more; more
C) less; less
D) less; more
A
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The international trade effect states that
A) an increase in the price level will raise exports. B) an increase in the price level will lower net exports. C) an increase in the price level will raise net exports. D) an increase in the price level will lower imports.
As a result of the government procurement policy in the U.S.:
a. the domestic consumers are required to pay a higher price than the world price for the domestically produced goods. b. the government wields the sole authority of importing goods from abroad. c. the government wields the sole authority of exporting goods. d. the domestic producers can charge the government a higher price for their products than they charge consumers. e. the government is required to sponsor research and development for the domestic firms.