If, in a Demand Curve/supply Curve Graph with the Quantity

question 12

Multiple Choice

If, in a demand curve/supply curve graph with the quantity of U.S. imports plotted on the horizontal axis and the price of U.S. imports in dollars plotted on the vertical axis, suppose that, from an initial equilibrium position, there is now a depreciation of the U.S. dollar relative to other currencies. (Assume that the supply curve is horizontal.) Other things equal, this depreciation of the dollar would cause the __________.

• A) demand curve to shift to the left (or vertically downward)
• B) demand curve to shift to the right (or vertically upward)
• C) supply curve to shift vertically downward
• D) supply curve to shift vertically upward

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Definitions:

Risk Management

The process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.

Income Beneficiary

An individual or entity entitled to receive income generated from a trust, estate, or account, rather than the principal sum itself.

Trust

A fiduciary arrangement where a trustee holds assets on behalf of beneficiaries, often used for estate planning and asset protection.

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Income earned from owning shares of a company, typically paid out from the company's profits to shareholders at regular intervals.