If the Dollar Gets Weaker Against Most Major Foreign Currencies

question 25

Multiple Choice

If the dollar gets weaker against most major foreign currencies:

• A) foreign products become cheaper in the United States.
• B) the dollar buys more British pounds,yen,and so on.
• C) exports from the United States fall as American goods become more expensive on the world market.
• D) foreign products become more expensive in the United States.

---

Definitions:

Monopoly

A market structure characterized by a single seller who has exclusive control over a product or service, with no close substitutes.

Cournot Model

A model in economic theory that describes an industry structure where companies compete on the basis of quantity produced, leading to a specific equilibrium.

Collusion Laws

refer to regulations aimed at preventing firms or individuals from working together to manipulate prices, limit competition, or engage in other practices deemed unfair or anti-competitive.

Oligopolies

Market structures characterized by a small number of firms dominating the industry, often leading to limited competition and higher prices.