The Decline in the Value of the Dollar in the First

question 260

Multiple Choice

The decline in the value of the dollar in the first half of 2017 resulted in ________ dollar prices for goods imported into the United States and ________ prices in foreign currencies for U.S.goods exported to other countries.

• A)higher; higher
• B)higher; lower
• C)lower; higher
• D)lower; lower

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Definitions:

Incomes

Refers to money received, especially on a regular basis, for work or through investments.

Capital Flight

The rapid movement of large sums of money or assets out of a country due to economic or political instability.

Industrial Advanced Countries (IACs)

Countries characterized by high levels of industrialization, technological advancement, and economic development.

Skilled Workers

Employees who have specialized training, expertise, or qualifications that allow them to perform complex job tasks.