A depreciation of Mexico's currency (the peso) means that
a. Mexico's exports will become more expensive
b. it now requires fewer pesos to exchange for one unit of another currency
c. Mexico's imports will become less expensive
d. it now requires more pesos to exchange for one unit of another currency
e. it now requires more of other currencies to exchange for one peso
D
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Per capita real GDP levels provide one possible measure of a country's standard of living
Indicate whether the statement is true or false
When the U.S. dollar appreciates against a foreign currency, U.S. goods become:
A. less expensive to people abroad, and we expect net exports to increase. B. less expensive to people abroad, and we expect net exports to decrease. C. more expensive to people abroad, and we expect net exports to decrease. D. more expensive to people abroad, and we expect net exports to increase.
Supply and demand together determine the price and quantity of a good sold in a market
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of a positive externality?
A) a neighbor's flower garden that you enjoy seeing B) traffic congestion C) an increased supply of chocolate lowers chocolate prices for all consumers D) pollution