An Autonomous Depreciation of the U

question 121

Multiple Choice

An autonomous depreciation of the U.S. dollar makes American goods ________ relative to foreign goods and results in a ________ in U.S. net exports,everything else held constant.

• A)cheaper;decline
• B)cheaper;rise
• C)more expensive;decline
• D)more expensive;rise

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Definitions:

Unconscionability

A legal doctrine that describes terms that are so extremely unjust or overwhelmingly one-sided in favor of the party who has the superior bargaining power.

Consumer Misbehavior

Actions by consumers that violate the accepted norms or ethics in a marketplace, such as fraud or theft.

Innocent Misrepresentation

A false statement made by someone who believes it to be true, which induces another to enter into a contract.

Compensatory Damages

Monetary awards in a lawsuit intended to compensate the plaintiff for actual losses or damages suffered.