If 1,000 Mexican pesos could buy $1.00 U.S. in 2006 and $0.87 U.S. in 2010, it implies that _____
a. the dollar depreciated against the peso
b. the peso appreciated against the dollar
c. the dollar strengthened against the peso
d. the peso strengthened against the dollar
c
You might also like to view...
As the use of DVDs becomes more widespread, we would expect all of the following except one. Which is the exception?
a. The prices of CDs will decrease. b. The demand curve for CD players will shift leftward. c. The supply curve of CD players will shift rightward. d. The demand curve for CDs will shift leftward. e. Firms will move their resources away from CD production to DVD production.
The price system
A) is the voluntary exchange system. B) is old fashioned and is no longer used. C) is used only in countries that are developing. D) is used by the government to maintain stable supply of goods.