If the equilibrium exchange rate changes so that fewer dollars are needed to buy a South Korean won, then:
A. Americans will buy fewer Korean goods and services.
B. the won has appreciated in value.
C. fewer U.S. goods and services will be demanded by the South Koreans.
D. the dollar has depreciated in value.
C. fewer U.S. goods and services will be demanded by the South Koreans.
Economics
You might also like to view...
A profit-maximizing price searcher will expand output to the point where
a. total revenue equals total cost. b. marginal revenue equals marginal cost. c. price equals average total cost. d. price equals marginal cost.
Economics
The use of government taxes and spending to alter macroeconomic outcomes is known as
A. Income policy. B. Fiscal policy. C. Monetary policy. D. Foreign trade policy.
Economics