If the U.S. economy runs balance of trade surpluses, which of the following statements are TRUE?
I U.S. currency values will increase relative to that of foreign countries
II U.S. currency values will decrease relative to that of foreign countries
III U.S. exports should become more expensive to foreign countries
IV U.S. exports should become less expensive to foreign countries
Answer:
I U.S. currency values will increase relative to that of foreign countries
III U.S. exports should become more expensive to foreign countries