An Appreciation in the U

question 31

Multiple Choice

An appreciation in the U.S. dollar benefits which of the following groups of people?

• A) All people living in the United States.
• B) U.S. producers who export farm equipment to other countries.
• C) U.S. consumers who buy imported automobiles.
• D) Foreigners who wish to travel to the United States.
• E) U.S. consumers who buy only goods made entirely in the United States.

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Definitions:

Optimal Point

The most favorable or advantageous condition or value of a variable determined within a given set of constraints.

Marginal Benefits

The added pleasure or value that comes from the additional consumption or production of a good or service unit.

Marginal Costs

The supplementary cost involved in the production of one more unit of a product or service.

Production Possibilities Curve

A graph that shows the maximum number of possible units of two commodities that a economy can produce with available resources and technology.