Everything else equal, if the dollar appreciates against the peso:
A) U.S. will export more to Mexico and will import less from Mexico.
B) U.S. exports to Mexico and imports from Mexico will decrease.
C) U.S. exports to Mexico and imports from Mexico will increase.
D) U.S. will import more from Mexico and will export less to Mexico.
D
Economics
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The total of all planned expenditures in the entire economy is
A) aggregate supply. B) LRAS. C) aggregate demand. D) the open economy effect.
Economics
U.S. GDP increased from $12.5 trillion in 2005 to $14 trillion in 2009. This means that:
A. people in the U.S. produced more goods and services in 2009 than in 2005. B. the prices of all goods and services were higher in 2009 than in 2005. C. Either of these could be true. D. Both of these must be true.
Economics