A shift of the U.S. demand curve for Mexican pesos to the left and a decrease in the pesos price per dollar would likely result from:
A. an increase in the U.S. inflation rate relative to the rate in Mexico.
B. a change in U.S. consumers' tastes away from Mexican products and toward products made in South Korea, India, and Taiwan.
C. U.S. buyers perceiving that domestically-produced products are of a lower quality than products made in Mexico.
D. a decrease in the supply of pesos.
Answer: B
You might also like to view...
Consumption is $5 million, planned investment spending is $8 million, government purchases are $10 million, and net exports are equal to $2 million. If GDP during that same time period is equal to $27 million, what unplanned changes in inventories occurred?
a. There was an unplanned increase in inventories equal to $2 million. b. There was no unplanned change in inventories. c. There was an unplanned decrease in inventories equal to $2 million. d. There was an unplanned decrease in inventories equal to $19 million.
The U.S. balance of trade: a. typically is positive since the United States exports far more goods than it imports. b. is the difference between merchandise exports and merchandise imports
c. includes net military transactions. d. Both b. and c. are correct.
The main proponent of the conservative view on poverty is
A. William Julius Wilson. B. Barbara Ehrenreich. C. Charles Murray. D. Nicholas Lemann.
A production function tells you, given the inputs, what the output will be.
Answer the following statement true (T) or false (F)