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Content Options for Instructors (COI1) - The United States and the Global Economy
58. The price levels of various nations are linked together by:
59. The exchange rate for the Mexican peso changes from $1 = 6 pesos to $1 = 5 pesos. This
change means that:
60. The appreciation of the U.S. dollar relative to the British pound would make a vacation
trip to:
Content Options for Instructors (COI1) - The United States and the Global Economy
61. If the U.S. dollar depreciates relative to the euro, then:
62. Refer to the above table. Which statement is correct about the change from year 1 to year
2?
Content Options for Instructors (COI1) - The United States and the Global Economy
63. Refer to the above table. Which statement is correct about the change from year 1 to year
2?
64. Refer to the above table. Which statement is correct about the change from year 1 to year
2?
65. Refer to the above table. Which statement is correct about the change from year 1 to year
2?
Content Options for Instructors (COI1) - The United States and the Global Economy
The following table shows the foreign currency per U.S. dollar near the end of January of
each year listed.
66. Refer to the above table. From 2005 to 2006, what happened to the values of the Japanese
yen and the U.S. dollar relative to each other?
67. Refer to the above table. From 2005 to 2006, what happened to the values of the British
pound and the U.S. dollar relative to each other?
Content Options for Instructors (COI1) - The United States and the Global Economy
68. Refer to the above table. From 2004 to 2005, what happened to the values of the Japanese
yen and the U.S. dollar relative to each other?
69. Refer to the above table. Which statement is correct about the change from 2004 to 2005?
70. Refer to the above table. From 2001 to 2002, what happened to the values of the
Australian dollar and the U.S. dollar relative to each other?
Content Options for Instructors (COI1) - The United States and the Global Economy
71. Refer to the above table. From 2001 to 2002, what happened to the values of the euro and
the U.S. dollar relative to each other?
72. Refer to the above table. Which of the following statements is correct?
73. Refer to the above table. In 2004, what would be the U.S. dollar cost of one euro?
Content Options for Instructors (COI1) - The United States and the Global Economy
74. Refer to the above table. In 2004, about how much would one Japanese yen cost?
75. Refer to the above table. In 2003, about how many Japanese yen did a U.S. dollar
purchase?
76. The exchange rate for one euro changes from $0.87 to $1.21. This change means that:
Content Options for Instructors (COI1) - The United States and the Global Economy
77. If all other things are equal, increased exports of Japanese products to the United States
will:
The following table gives hypothetical data on the dollar price of Euros.
78. Refer to the above table. The equilibrium dollar price of a euro in the above market would
be:
Content Options for Instructors (COI1) - The United States and the Global Economy
79. Refer to the above table. How many euros can be bought for $44 at equilibrium in the
above foreign exchange market?
80. Refer to the above table. Suppose that the Germans decide to import more products from
the United States. All else being equal, the dollar price of a euro would be expected to:
81. If a dollar will buy 1,600 Korean won, then a piece of Korean pottery priced at 180,000
won will cost an American:
Content Options for Instructors (COI1) - The United States and the Global Economy
82. If the dollar-yen exchange rate is $1 for 125 yen, then a Honda CRV priced at 3,125,000
yen would cost a U.S. importer of such a vehicle:
83. If the equilibrium exchange rate changes so that the U.S. dollar price for Japanese yen
decreases, it means that:
84. An increase in the United States demand for Japanese goods will:
Content Options for Instructors (COI1) - The United States and the Global Economy
85. Excise taxes or duties placed on imported products are:
86. Limits on the quantity or total value of specific products imported to a nation are:
87. Which of the following would be an example of a nontariff or non quota barrier?
Content Options for Instructors (COI1) - The United States and the Global Economy
88. Government payments to domestic producers to reduce the world price of exported goods
are called:
89. Licensing requirements, excessive regulations, unreasonable quality standards, and other
actions taken by nations to impede imports are:
90. Protective tariffs will tend to shift:
Content Options for Instructors (COI1) - The United States and the Global Economy
91. Tariffs or quotas on an imported product:
92. Tariffs or quotas on an imported product:
93. Tariffs and quotas on an imported product:
Content Options for Instructors (COI1) - The United States and the Global Economy
94. One effect of international trade in the United States has been:
95. Governments often intervene in international trade to:
96. The major beneficiaries from the elimination of a tariff on a product are the:
Content Options for Instructors (COI1) - The United States and the Global Economy
97. Research studies show that the benefit of saving some American jobs in specific industries
protected from foreign competition:
98. Since 1940, the level of tariffs in the United States has generally been:
99. In 1934, the President was given the authority to reduce United States tariffs up to 50
percent provided other nations would also reduce their tariffs under the:
