In 1971,US

question 6

Multiple Choice

In 1971,U.S.trade figures showed that for the first time since 1945,the United States was importing more than it was exporting.This set off massive purchases of _____ in the foreign market by speculators.

• A) U.S. dollars
• B) German deutsche marks
• C) British pounds
• D) Japanese yen
• E) Chinese yuan

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Definitions:

Microchip(s)

Small semiconductor devices that contain integrated circuits used for various technological applications.

Tire

A rubber covering, typically inflated or surrounding an air-filled tube, placed around a wheel to form a cushioned contact with the road.

Opportunity Cost

The dismissal of prospective benefits from other opportunities by settling on one choice.

Microchip

A small semiconductor device containing integrated circuits used for various electronics and computing functions.