Which of the Following Would Tend to Shift the Supply

question 83

Multiple Choice

Which of the following would tend to shift the supply of dollars in the market for foreign-currency exchange of the open-economy macroeconomic model to the left?

• A)The exchange rate rises.
• B)The exchange rate falls.
• C)The expected rate of return on U.S.assets rises.
• D)The expected rate of return on U.S.assets falls.

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Definitions:

Direct Labor Costs

The wages paid to workers who are directly involved in the production of goods or the provision of services, excluding the cost of materials and overhead.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost expected for those materials.

Raw Materials

These are the base ingredients or components that companies use in the production of goods.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost of those materials.