Which of the following is likely to occur following the depreciation of the United States dollar? United States imports will increase. United States exports will increase. Demand for the United States dollar will decrease. United States demand for foreign currencies will increase. United States goods will become more expensive in foreign markets.
MacAP VII- Open Economy: International Trade and Finance

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12th Grade
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1.
FLASHCARD QUESTION
Front
Back
United States exports will increase.
2.
FLASHCARD QUESTION
Front
The table below shows the production alternatives of Country A and Country B for producing computers and cars with equal amounts of resources that are fully and efficiently employed.
Country ......Computers.........Cars
A----------------->24----------------->12
B-----------------> 45-----------------> 15
What can be inferred about the advantages of the countries in producing computers?
Back
Country B has an absolute and comparative advantage in the production of computers.
3.
FLASHCARD QUESTION
Front
If Country Alpha has been experiencing a higher
inflation rate than Country Beta over the past
decade, which of the following is true?
Back
Alpha’s currency will have depreciated
relative to Beta’s currency.
4.
FLASHCARD QUESTION
Front
A country can have an increased surplus in its balance of trade as a result of declining imports and rising exports.
Back
declining imports and rising exports
5.
FLASHCARD QUESTION
Front
Under a flexible exchange-rate system, the Indian rupee will appreciate against the Japanese yen when real interest rates in India increase relative to those in Japan.
Back
real interest rates in India increase relative to those in Japan
6.
FLASHCARD QUESTION
Front
If two nations specialize according to the law of comparative advantage and then trade with each other, which of the following would be true?
Back
Each nation would increase its consumption possibilities.
7.
FLASHCARD QUESTION
Front
Tariffs are different from assigned import quotas in that tariffs will
Back
generate additional revenue for the domestic government
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