Under a system of freely flexible (floating) exchange rates, a U.S. trade deficit with Mexico will tend to cause:
A. the U.S. government to ration pesos to U.S. importers.
B. a flow of gold from the United States to Mexico.
C. an increase in the peso price of dollars.
D. an increase in the dollar price of pesos.
D. an increase in the dollar price of pesos.
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Xavier is on layoff from his assembly-line job in Detroit, and he expects to return in about four weeks. During this time, he is vacationing in Florida. The Bureau of Labor Statistics would classify Xavier as
a. employed. b. unemployed. c. not part of the labor force. d. a temporary retiree.
The Lorenz curve shows
A) how poverty rates change over time. B) the percentage of population below the poverty line. C) the degree of inequality in the income distribution. D) the ratio of cash income to payments-in-kind.