Which of the Following Could Result from a Balance-Of-Trade Deficit

question 23

Multiple Choice

Which of the following could result from a balance-of-trade deficit?

• A)The value of the dollar increases,so Americans can buy more goods from other countries for the same amount of money.
• B)The value of the dollar declines,so Americans have to pay more for goods from other nations.
• C)The value of the dollar increases,making American products cheaper abroad,thereby increasing our exports.
• D)The value of the dollar declines,which makes American products more expensive abroad,thereby decreasing our exports.

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Definitions:

Living Conditions

The circumstances affecting the daily life and well-being of people, including their housing, environment, and access to resources and services.

Great Strike

A significant labor strike, often referring to the first nationwide railroad strike in the United States in 1877.