Author Question: An appreciation of the Norwegian kroner in relation to the U.S. dollar is most likely to cause: a. ... (Read 70 times)

mspears3 · **on:** Jun 30, 2018

An appreciation of the Norwegian kroner in relation to the U.S. dollar is most likely to cause:
a. an increase in the U.S. demand for Norwegian goods.
b. an increase in the Norwegian demand for U.S. goods.
c. an increase in the supply of U.S. goods to Norway.
d. a decrease in the supply of Norwegian goods to the United States.
e. no change in the demand or supply of goods for either country.

Question 2

The balance of trade records information about:
a. purchases of U.S. merchandise exports by foreigners.
b. purchases of foreign financial assets by Americans.
c. American purchases of foreign services while traveling abroad.
d. errors and omissions.