The United States' economy is growing at a faster rate than the economy of its trading partner, the United Kingdom. As a result, the rate of American inflation is increasing. Draw correctly labeled graphs to show how the increase in inflation will affect the supply of the U. S. dollar and demand for the British pound in the foreign exchange market. Based on the scenario, what will happen to the value of the U. S. dollar? Explain. (Make sure you use the costs of foreign and domestic goods in your explanation.) Based on the changing value of the U. S. dollar in part (B), how will U. S. net exports be affected? Explain.

Match the terms with the appropriate definition. 1. work done for pay job 2. series of related jobs based on knowledge, training, tasks performed, interests, and experience career 3. buying or selling products and services using the internet mediation 4. wage amount after deductions are withheld net wage 5. a way a person chooses to live his or her life e-commerce 6. the people who are both able and willing to work technology 7. unequal treatment of others based on a bias concerning a person’s characteristics such as race, religion, gender, or age discrimination 8. the act of sharing information lifestyle 9. the use of a third party to make suggestions workforce 10. knowledge and tools used to perform tasks communication