When the Value of Our Goods Exports Is Less Than

question 206

Multiple Choice

When the value of our goods exports is less than the value of our goods imports,

• A) d and e.
• B) the value of the dollar must fall.
• C) there will be domestic unemployment.
• D) there will be an unfavorable balance of trade.
• E) foreign currency reserves must fall.

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Definitions:

Arson

The willful and malicious burning of a building (and, in some states, personal property) owned by another. Arson statutes have been extended to cover the destruction of any building, regardless of ownership, by fire or explosion.

Convicted

The act of being declared guilty of a crime by the verdict of a jury or the decision of a judge in a court of law.

Felony

A crime—such as arson, murder, assault, or robbery—that carries the most severe sanctions. Sanctions range from one year in a state or federal prison to the death penalty.

Felony

A serious crime, typically involving violence, punishable by imprisonment for more than one year or by death.