Last week, 13 Mexican pesos could purchase one U.S. dollar. This week, it takes 11 Mexican pesos to purchase one U.S. dollar. This change in the value of the dollar will ________ exports from the United States to Mexico and ________ U.S
aggregate demand.
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
B
Economics
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Who can determine the true cost of a tin whistle?
A) A good accountant B) A good economist C) A good tin whistle collector D) Nobody
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Economists assume that rational people
A) never use all available information as they act to achieve their goals. B) respond to economic incentives. C) undertake activities that benefit others and hurt themselves. D) only weigh the benefits and costs of the most desirable alternative actions.
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