If Mexico's GDP drops, which of the following will happen in the market for pesos?
a. A rightward shift of the supply curve, a depreciation of the peso, and a larger number of pesos traded
b. A rightward shift of the demand curve, a depreciation of the peso, and a smaller number of pesos traded
c. A rightward shift of the demand curve, an appreciation of the peso, and a larger number of pesos traded
d. A leftward shift of the demand curve, a depreciation of the peso, and a smaller number of pesos traded
e. A leftward shift of the supply curve, an appreciation of the peso, and a smaller number of pesos traded.
E
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A natural monopoly exists when
A) diseconomies of scale exist in an industry. B) one firm can supply an entire market at a lower average total cost than can two or more firms. C) a firm can engage in price discrimination. D) the producers in an industry have formed a cartel. E) a monopoly firm faces a horizontal demand curve.
In the United States in 2014, the percentage of people with some form of health insurance was about
A) 10%. B) 36%. C) 55%. D) 90%.