Question 1

As U.S. income rises, U.S. imports will rise.

Accepted Answer

A) True 
 B)False

Question 2

As U.S. income falls, U.S. exports will fall.

Accepted Answer

A) True 
 B)False

Question 3

U.S. net exports will increase if

Accepted Answer

A)  U.S. income increases
B)  the value of the U.S. dollar decreases relative to foreign currency
C)  the value of the U.S. dollar increases relative to foreign currency
D)  U.S. exports decrease
E)  U.S. imports increase

Question 4

If the value of the U.S. dollar decreases relative to other currencies, the export function will shift upward and the import function will shift downward, thereby shifting the net export function upward.

Accepted Answer

A) True 
 B)False

Question 5

A decrease in the value of the U.S. dollar relative to other currencies will shift the net export function upward.

Accepted Answer

A) True 
 B)False

Question 6

Exhibit 9-4 
-In Exhibit 9-4, which of the following will cause a shift from X-M to X'-M'?

Accepted Answer

A)  a decline in the value of a nation's currency relative to other currencies
B)  an increase in the value of a nation's currency relative to other currencies
C)  an increase in real disposable income
D)  a decrease in real disposable income
E)  an increase in real GDP

Question 7

Which of the following would shift the U.S. net export function upward?

Accepted Answer

A)  an increase in the value of the dollar relative to other currencies
B)  a decrease in the value of the dollar relative to other currencies
C)  an increase in incomes in the U.S. relative to other economies
D)  an increase in the U.S. price level relative to other economies
E)  a decrease in foreign incomes relative to U.S. incomes

Exam 23:Variable Net Exports

Exhibit 9-4 -In Exhibit 9-4, which of the following will cause a shift from X-M to X'-M'?

Correct Answer
verified

A decrease in the value of the U.S. dollar relative to other currencies will shift the net export function upward.

Correct Answer
verified

As U.S. income falls, U.S. exports will fall.

Correct Answer
verified

U.S. net exports will increase if

Correct Answer
verified

As U.S. income rises, U.S. imports will rise.

Correct Answer
verified

Which of the following would shift the U.S. net export function upward?

Correct Answer
verified

If the value of the U.S. dollar decreases relative to other currencies, the export function will shift upward and the import function will shift downward, thereby shifting the net export function upward.

Correct Answer
verified

Exam 23:Variable Net Exports

Exhibit 9-4 -In Exhibit 9-4, which of the following will cause a shift from X-M to X'-M'?

Correct AnswerverifiedShow Answer

A decrease in the value of the U.S. dollar relative to other currencies will shift the net export function upward.

Correct AnswerverifiedShow Answer

As U.S. income falls, U.S. exports will fall.

Correct AnswerverifiedShow Answer

U.S. net exports will increase if

Correct AnswerverifiedShow Answer

As U.S. income rises, U.S. imports will rise.

Correct AnswerverifiedShow Answer

Which of the following would shift the U.S. net export function upward?

Correct AnswerverifiedShow Answer

If the value of the U.S. dollar decreases relative to other currencies, the export function will shift upward and the import function will shift downward, thereby shifting the net export function upward.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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