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If as a Result of NAFTA the Demand for American

question 22

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If as a result of NAFTA the demand for American exports rises, it would tend to increase the exchange value of the U.S. dollar as a result.


Definitions:

Random Variable

A variable whose possible values are outcomes of a random phenomenon, typically represented in statistical and probability analysis.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Expected Utility

The expected value of an individual’s total utility given uncertainty about future outcomes.

Repairs

Activities or processes aimed at restoring a damaged, broken, or malfunctioning object to its original or operating condition.

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