a. both a U.S. and Italian import. b. a U.S. export and an Italian import. c. a

ID: 1228882 • Letter: A

Question

a. both a U.S. and Italian import.

b. a U.S. export and an Italian import.

c. a U.S. import and an Italian export.

d. neither an export nor an import for either country.

a. John, a French citizen, decides that Iowa pork has become tooexpensive and cancels his order.

b. Nick, a U.S. citizen, decides that the trip to Nepalhe’s been thinking about is now made affordable by thedepreciation.

c. Roberta, a U.S. citizen, decides to import fewer windshieldwipers for her auto parts company.

d. All of the above are correct.

a. increase, so the money supply increases.

b. increase, so the money supply decreases.

c. decrease, so the money supply increases.

d. decrease, so the money supply decreases.

a. increases making the opportunity cost of holding moneyrise.

b. increases making the opportunity cost of holding moneyfall.

c. decreases making the opportunity cost of holding moneyrise.

d. decreases making the opportunity cost of holding moneyfall.

1.C 2.A 3.B 4.A

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