Which of the Following Is an Advantage of a Strong

question 27

Multiple Choice

Which of the following is an advantage of a strong US dollar? 

• A) US importers will find it easier to compete with low-cost imports. 
• B) US exporters will find it easier to compete on price abroad. 
• C) US firms will experience less competitive pressure to keep prices low. 
• D) US tourists will find it more expensive when traveling abroad.

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Definitions:

Income Inequality

The unequal distribution of household or individual income across the various participants in an economy, leading to various economic and social issues.

Lorenz Curve

A graphical representation of income or wealth distribution within a society, showing the proportion of the total income earned by various segments of the population.

Distribution Of Income

Distribution of income refers to the way in which a nation’s total income is distributed among its population, affecting economic inequality.

Gini Ratio

A measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality), indicating how wealth or income is distributed.