An increase in the U.S. demand for the Mexican peso
A) causes an increase in the U.S. dollar price of a Mexican peso.
B) causes the Mexican peso to appreciate.
C) causes the U.S. dollar to depreciate.
D) causes Mexican goods to be relatively more expensive.
E) All of the above.
E
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Many bars close to campuses have started offering cheaper beer to consumers with a student IDs. These bars are using
a. Direct price discrimination b. Indirect price discrimination c. Decreasing returns to scale d. None of the above
The amount of U.S. exports purchased by the rest of the world is primarily determined by
a. real disposable income in the United States b. real disposable income in other nations c. the real interest rate in other nations d. the real interest rate in the United States e. the government budget deficits in other nations
Variable cost divided by the change in quantity produced is
a. average variable cost. b. marginal cost. c. average total cost. d. None of the above is correct.
Which of the following constitutes a mixed strategy Nash equilibrium of the Odds and Evens game?
A) Play Even and Odd with 50% probability each. B) Play Even with 75% probability and Odd with 25% probability. C) Always play Even. D) This game has no mixed strategy Nash equilibrium.