Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 8, Problem 14QP
To determine

Explain the direct increases in the US price relative to foreign goods.

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If the United States has been selling more goods in the international  market than it has been buying, this could be for all the following reasons except: foreign goods are often much cheaper The value of the U.S. dollar has fallen substantially The quality of foreign products is similar to that of U.S. products The values of foreign currencies are rising relative to that of the U.S. dollar   Elroy Hatchard is the sole proprietor of a gift shop in a small shopping center. Because he is a sole proprietor, Elroy’s profit from the business is: Totally tax-free Taxed as personal income Not subject to state or local taxes Taxed only when it is distributed to investor   All of the following are normally considered advantages of the corporate form of business organization except: Unlimited liability Perpetual life Ease of ownership change More money for investment                The heavy influence of such federal agencies as the Federal Trade Commission, the Securities and…
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