Question 1
U.S. exports tend to increase when
◦ economic activity abroad is increasing.
◦ foreign GDPs are falling.
◦ U.S. prices are rising compared to the rest of the world.
◦ the value of the dollar rises.
Question 2
U.S. exports tend to decrease when
◦ economic activity abroad is increasing.
◦ foreign GDPs are rising.
◦ U.S. prices are rising relative to those in the rest of the world.
◦ the U.S dollar is weak compared to foreign currencies.