Last week, 13 Mexican pesos could purchase one U.S. dollar. This week, it takes 11 Mexican pesos to purchase one U.S. dollar. This change in the value of the dollar will ________ exports from the United States to Mexico and ________ U.S
aggregate demand.
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
B
You might also like to view...
Marginal social cost is equal to ________
A) marginal private cost plus the marginal external cost B) the marginal external cost C) the value of the tax that will make the market efficient D) the marginal cost imposed on people other than the producer of the good
The disagreement value in a nonstrategic game is most closely related to
a. opportunity costs b. fixed costs c. total profit d. accounting costs
Irrespective of whether the inflation rate is high or low, if the inflation rate is above the expected level, the unemployment rate in the economy will remain stable
a. True b. False Indicate whether the statement is true or false
In addition to the items one must give up in order to afford the cost of cigarettes, the opportunity cost of smoking includes
a. your enjoyment from smoking b. the health effects one places upon others c. your expected health effects and shortened life span d. harassment from nonsmokers e. smoking cessation advertising on television