Author Question: In late 2014 and 2015 the value of the U.S. dollar increased relative to the currencies of most of ... (Read 53 times)

Zoey63294 · **on:** Jun 29, 2018

In late 2014 and 2015 the value of the U.S. dollar increased relative to the currencies of most of its major trading partners.

This rise in the price of the dollar against the other currencies was ________ for companies that exported to the United States and ________ for U.S. companies that exported to other countries.
A) good; good B) bad; bad C) good; bad D) bad; good

Question 2

Refer to Figure 4-4. The figure above represents the market for iced tea. Assume that this is a competitive market. If 20,000 units of iced tea are sold

A) marginal benefit is equal to marginal cost.
B) the deadweight loss is equal to economic surplus.
C) producer surplus equals consumer surplus.
D) the marginal benefit of each of the 20,000 units of iced tea equals 3.