Other Things Being Equal, Which of the Following Is a Necessary

question 193

Multiple Choice

Other things being equal, which of the following is a necessary consequence of a depreciation of the U.S. dollar against other currencies?

• A) The terms of trade will move in favor of the United States.
• B) The United States will experience an increase in the volume of imports.
• C) International speculators will buy U.S. dollars and sell other currencies.
• D) U.S. exports will become cheaper relative to other nations' products.

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Definitions:

Comparative Negligence

A principle of tort law that compares the negligence of the conflicting parties and apportions damages accordingly.

Res Ipsa Loquitur

A Latin term that means "the thing speaks for itself," used in tort law to refer to cases where the negligence is inferred from the nature of the accident.

Actual Cause

The true reason an event occurred, which directly led to the damage or injury, forming a basis for establishing legal liability.

Res Ipsa Loquitur

A legal doctrine that allows the presumption of negligence by proving that the type of accident would not occur without someone's negligence.