Which of the Following Is Most Likely to Result from a Stronger

question 92

Multiple Choice

Which of the following is most likely to result from a stronger dollar?

• A)U)S. goods exported aboard will cost less in foreign countries,and so foreigners will buy more of them.
• B)U)S. goods exported aboard will cost more in foreign countries and so foreigners will buy more of them.
• C)U)S. goods exported abroad will cost more in foreign countries,and so foreigners will buy fewer of them.
• D)Americans will purchase fewer foreign goods.

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Definitions:

High-Income

Earning a substantial amount of money, typically above the median income level in a given region or country.

Low-Income

Referring to individuals or families whose earnings are significantly lower than the average, often quantified by government standards.

Regressive Tax

A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to tax, meaning everyone pays the same percentage of their income.