If the exchange rate moves from 10 Mexican pesos per U.S. dollar to 8 Mexican pesos per U.S. dollar, then the Mexican peso has ________ and the U.S. dollar has ________.
A. depreciated; appreciated
B. depreciated; depreciated
C. appreciated; appreciated
D. appreciated; depreciated
Answer: D
Economics
You might also like to view...
A Nash equilibrium will always provide both players with their highest payoffs possible
Indicate whether the statement is true or false
Economics
What is the average cost of producing three units?
a. $200 b. $100 c. $50 d. $70
Economics
The ratio of the change in GDP to an initial change in aggregate expenditures (AE) is the:
A. spending multiplier. B. permanent income rate. C. marginal expenditure rate. D. marginal propensity to consume.
Economics
An externality refers to economic events outside a market
Indicate whether the statement is true or false
Economics