When the U

question 97

Multiple Choice

When the U.S. dollar appreciates against a foreign currency, U.S. goods become:

• A) more expensive to people abroad, and we expect net exports to decrease.
• B) less expensive to people abroad, and we expect net exports to increase.
• C) more expensive to people abroad, and we expect net exports to increase.
• D) less expensive to people abroad, and we expect net exports to decrease.

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Definitions:

Scatter Diagram

A graphical representation using dots to show the relationship between two variables.

Nominal Variables

Variables that represent categories without any natural order or ranking among them.

Cross-Classification Table

A tabular method to display the frequency distribution of variables, showing how many times each combination of categories occurs; often used in statistics to analyze categorical data.

Promotional Customers

Customers who purchase products or services during a promotional campaign, often attracted by discounts or special offers.