If the US National Income Grows Much Faster Than That of Canada

question 87

Multiple Choice

If the U.S. national income grows much faster than that of Canada, this would tend to make the U.S. dollar

• A)appreciate against the Canadian dollar.
• B)depreciate against the Canadian dollar.
• C)become worth more in terms of Canadian dollars.
• D)become a fixed-rate against the Canadian dollar.

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Definitions:

Marginal Utility

Additional enjoyment or value experienced from consuming an extra unit of a good or service.

Marginal Utility

The extra pleasure or benefit a consumer receives from purchasing an additional unit of a product or service.

Utility Schedule

A table or graph that shows the total utility or satisfaction that a consumer derives from consuming various quantities of a good or service.

Marginal Utility

The incremental utility or joy received when one more unit of a good or service is consumed.