If the Mexican peso appreciates against the U.S. dollar
A) Mexican exports will become cheaper in the United States.
B) Mexican exports will become more expensive in the United States.
C) U.S. exports will become more expensive in Mexico.
D) there will be no change in the price of Mexican imports in the United States.
Answer: B
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The averting expenditures method
a. uses spending changes on goods that act as substitutes for environmental quality b. defines personal environmental quality as the relevant market c. has the disadvantage of jointness of production, which biasesthe benefit estimate d. all of the above
An increase in the demand for the Brazilian real induces
A) an increase in the demand for Brazilian goods. B) a decrease in the supply of dollars. C) an increase in the real price of a dollar. D) an increase in the dollar price of a real.
Which of the following is an example of a positive statement?
A. NCAA Football should have adopted a playoff system 10 years ago. B. An increase in minimum wage results in higher teenage unemployment. C. No oneshould be allowed to carry guns into the classroom. D. Cats are better pets than dogs.
In an enforceable contract one or both parties could invest too little in relationship-specific assets that increase the economic value their joint efforts can create
Indicate whether the statement is true or false