The Mexican demand for American goods leads to the demand for:
A. U.S. dollars and the supply of Mexican pesos on the foreign exchange market.
B. U.S. dollars and the supply of U.S. dollars on the foreign exchange market.
C. Mexican pesos and the supply of U.S. dollars on the foreign exchange market.
D. U.S. dollars and Mexican pesos on the foreign exchange market.
Answer: A
You might also like to view...
National income accounting reveals that the value of total production in an economy
A) is always greater than the value of total income in the economy. B) is always less than the value of total income in the economy. C) is always equal to the value of total income in the economy. D) may be greater than, less than , or equal to the value of total income in the economy.
A basic principle of economics is that a country's standard of living depends on its
a. quantity of physical capital. b. abundance of natural resources. c. ability to produce goods and services. d. ability to thrive economically without having to interact with other countries.