Which of the Following Is Likely to Result in Long-Run

question 151

Multiple Choice

Which of the following is likely to result in long-run depreciation of the U.S.dollar relative to the euro?

• A) Relatively low interest rates in the United States
• B) Relatively high labor productivity in the United States
• C) Tariffs levied by the United States on steel imports from Europe
• D) Stronger American preferences for goods produced in Europe

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Definitions:

Purchased

Acquisition of goods or services in exchange for money or its equivalent.

Required

Mandatory or necessary conditions or items specified for a particular purpose or activity.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Fees Earned

Income received from providing services, a form of revenue for professionals and businesses engaged in service activities.