When the Value of the U

question 245

Multiple Choice

When the value of the U.S. dollar increases relative to other currencies,

• A) the rate of inflation increases.
• B) the size of the national debt decreases.
• C) foreign goods become less expensive to U.S. consumers.
• D) U.S. goods become less expensive to foreign buyers.

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Definitions:

Utility Schedule

A table or graph showing the level of satisfaction or utility that a consumer derives from consuming different quantities of a good or service.

Marginal Utility

The additional satisfaction or benefit a consumer receives from consuming one more unit of a good or service.

Newspaper

A publication, generally made of paper and ink, that is distributed on a regular or daily basis and contains news, articles, advertisements, and other information of public interest.

Marginal Utility

The supplementary contentment or value a shopper obtains by buying an extra unit of a certain item or service.