If Americans demand goods produced in Mexico, it leads to a demand for Mexican pesos and a supply of U.S. dollars on the foreign exchange market.
Answer the following statement true (T) or false (F)
True
The demand for one currency will be equal to the supply of another currency
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The figure illustrates the market for pens. The equilibrium quantity is
A) between 400 and 600 pens, but it is impossible to be precise. B) 5 pens a month. C) 2 pens a month. D) 500 pens a month.
The above gives some of the balance of payments accounts of the United States in 2020
a) What is the current account balance? b) What is the capital account balance? c) What is the official settlements account balance?
One of the functions of deliberation councils is to
A) coordinate foreign investment from different countries. B) set educational policy for universities and colleges. C) coordinate government policy and private investment. D) broaden the economies base of exports. E) ensure stability in the country's fiscal and monetary policies.
Suppose a market is initially in equilibrium and supply increases. The consumer surplus will:
a. be higher since the price is lower and equilibrium moves down along the demand curve. b. be higher, since the price is lower and will move you down along the demand curve. c. be higher since the price is lower and equilibrium moves up along the demand curve. d. be lower since the price is lower and equilibrium moves up along the demand curve.