An Increase in the Value of the U

question 106

Multiple Choice

An increase in the value of the U.S.dollar internationally,ceteris paribus,would result in

• A)Higher revenues for U.S.farmers.
• B)An increase in the dollar value of U.S.farmland.
• C)Lower revenues for U.S.farmers.
• D)An increase in the domestic prices of U.S.farm products.

---

Definitions:

Domestically

Pertaining to or occurring within a country's borders; not foreign or international.

Worldwide

Pertains to activities or operations that are carried out on a global scale, affecting or involving people from all over the world.

Services

Activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything.

World Trade Organization

An international organization designed to supervise and liberalize world trade by providing a forum for negotiation and dispute resolution.