If the USReal Exchange Rate Appreciates Relative to the Euro,U

question 9

Multiple Choice

If the U.S.real exchange rate appreciates relative to the euro,U.S.exports to Europe

• A)and European exports to the U.S.both rise.
• B)and European exports to the U.S.both fall.
• C)rise, and European exports to the U.S.fall.
• D)fall, and European exports to the U.S.rise.

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Definitions:

Boston Tea Party

A protest by American colonists in 1773 against British taxation, in which they boarded British ships and dumped tea into Boston Harbor.

Patriot Behavior

The actions and attitudes of individuals who intensely support and defend their country, often associated with the American Revolutionaries who fought for independence from Britain.

Continental Association

An agreement adopted by the First Continental Congress in 1774 in response to the British Coercive Acts, implementing a trade boycott with Great Britain.

Committees of Observation

were bodies established by American colonists during the early stages of the Revolutionary War to enforce the boycott of British goods following the Townshend Acts and to spread the cause of liberty.