U.S. Exports Tend to Increase When

question 142

Multiple Choice

U.S. exports tend to increase when

• A) economic activity abroad is increasing.
• B) foreign GDPs are falling.
• C) U.S. prices are rising compared to the rest of the world.
• D) the value of the dollar rises.

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business.

Economic Order Quantity

Orders replacements whenever inventory level falls to a predetermined point.

Inventory Level

The quantity of goods or materials held in stock by a business at a specific point in time.

Predetermined Point

A specific goal, target, or condition that is established in advance or before any actions are taken.