All Else Equal, a Depreciation of the Dollar Makes

question 61

Multiple Choice

All else equal, a depreciation of the dollar makes

• A)both foreign goods and domestic goods cheaper at home
• B)both foreign goods and domestic goods more expensive at home.
• C)foreign goods cheaper at home and domestic goods more expensive abroad.
• D)foreign goods more expensive at home and domestic goods cheaper abroad.
• E)both domestic and foreign goods more expensive in all countries.

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Definitions:

Null Hypotheses

Hypotheses that state there is no significant difference or relationship between specified populations, any observed difference being due to sampling or experimental error.

Main Effect

The direct influence of an independent variable on a dependent variable in an experiment, ignoring the effects of all other independent variables.

Factorial ANOVA

A statistical method designed to evaluate the impact of two or more variables acting independently at various levels on an outcome variable.

Interaction Effect

Occurs when the effect of one independent variable on the dependent variable changes depending on the level of another independent variable.