When a Mexican resident buys a ukulele from a U.S. producer, there is a(n)
A. increase in the supply of dollars in the foreign exchange market.
B. decrease in the supply of dollars in the foreign exchange market.
C. decrease in the demand for dollars in the foreign exchange market.
D. increase in the demand for dollars in the foreign exchange market.
Answer: D
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Infant industries often refer to:
A) the foreign industries. B) the fledgling domestic industries. C) the public sector undertakings. D) the agriculture-based industries.
The ceteris paribus assumption is important to use when building economic models
Indicate whether the statement is true or false
A firm is said to operate with constant returns to scale if its production cost increases by four times when its output is doubled.
Answer the following statement true (T) or false (F)
If the domestic quantity supplied of a good is greater than the domestic quantity demanded, the country is likely to be a(n)
A. exporter of the good. B. importer of the good. C. consumer of the good. D. importer and exporter.