Last Week,six Swedish Kronor Could Purchase One U

question 258

Multiple Choice

Last week,six Swedish kronor could purchase one U.S.dollar.This week,it takes eight Swedish kronor to purchase one U.S.dollar.This change in the value of the dollar will ________ exports from the United States to Sweden and ________ U.S.aggregate demand.

• A)increase; increase
• B)decrease; decrease
• C)increase; decrease
• D)decrease; increase

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Definitions:

Per-Unit Cost of Production

The average cost incurred in producing one unit of a good or service, including all variable and fixed costs.

Grade-Point Average

A numerical representation of a student's academic performance, averaged across all completed courses.

Economic Profit

is the surplus or gain realized when the total revenues generated by a business exceed the explicit and implicit costs of operation.

Average Total Cost

The sum of all production expenses divided by the amount of products made.