Multiple Choice
Suppose the supply of dollars decreased from S2 to S1 in Figure 36.3.As a result of this change,
A) Swiss chocolate imports to the United States will be lower-priced in dollars.
B) U.S.computer exports to Switzerland will be lower-priced in dollars.
C) A trade deficit will be created in Switzerland.
D) The Swiss franc will gain value worldwide.
Correct Answer:
Verified
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