A depreciation of Mexico's currency (the peso) means that
a. Mexico's exports will become more expensive
b. it now requires fewer pesos to exchange for one unit of another currency
c. Mexico's imports will become less expensive
d. it now requires more pesos to exchange for one unit of another currency
e. it now requires more of other currencies to exchange for one peso
D
You might also like to view...
Perfectly competitive markets do not exist in the real world
Indicate whether the statement is true or false
In its most ideal form, a price system allows
A) firms to act in such a way that they eliminate scarcity. B) consumers to satisfy all their wants. C) resources to move from lower-valued uses to higher-valued uses through voluntary exchange. D) government policy makers to allocate resources to the uses which they consider to be in the best interests of society.