If the U.S. exchange rate rises, the price to foreigners of U.S.-produced goods and services ________ and the quantity of U.S. dollars demanded ________

Your textbook plots the estimated regression function produced by the probit regression of deny on P/I ratio The estimated probit regression function has a stretched "S" shape given that the coefficient on the P/I ratio is positive. Consider a probit regression function with a negative coefficient. The shape would

A) resemble an inverted "S" shape (for low values of X, the predicted probability of Y would approach 1) B) not exist since probabilities cannot be negative C) remain the "S" shape as with a positive slope coefficient D) would have to be estimated with a logit function

The trade of an economy is said to be balanced if: a. the monetary value of exports is greater than the monetary value of imports. b. the monetary value of exports is equal to the monetary value of imports

c. the physical volume of exports is equal to the physical volume of imports. d. the physical volume of exports is greater than the physical volume of imports.