QUESTION $11$

In $2014,$ global revenue for IBM was $$2$ billion lower when measured in dollars than when measured in local currencies. The reason for this discrepancy is the value of the

U$.$S$.$ dollar decreased relative to the Japanese yen.

British pound increased relative to the U$.$S$.$ dollar.

euro decreased relative to the British pound.

U$.$S$.$ dollar increased relative to most other currencies.

QUESTION $13$

If inflation in Russia is higher than it is in the United States, the purchasing power of the ruble in buying Russian goods will rise relative to the dollar.

the value of the dollar will rise in the long run.

the value of the ruble will rise in the long run.

Both the purchasing power of the ruble in buying Russian goods will rise relative to the dollar and the value of the ruble will rise in the long run are correct.

QUESTION $13$

If inflation in Russia is higher than it is in the United States, the purchasing power of the ruble in buying Russian goods will rise relative to the dollar.

the value of the dollar will rise in the long run.

the value of the ruble will rise in the long run.

Both the purchasing power of the ruble in buying Russian goods will rise relative to the dollar and the value of the ruble will rise in the long run are correct.

QUESTION $13$

If inflation in Russia is higher than it is in the United States, the purchasing power of the ruble in buying Russian goods will rise relative to the dollar.

the value of the dollar will rise in the long run.

the value of the ruble will rise in the long run.

Both the purchasing power of the ruble in buying Russian goods will rise relative to the dollar and the value of the ruble will rise in the long run are correct.