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    Exam 20: International Trade, Comparative Advantage, and Protectionism
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    If the Exchange Rate Between the United States and Portugal
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If the Exchange Rate Between the United States and Portugal

Question 95

Question 95

True/False

If the exchange rate between the United States and Portugal changes from $1 = 1 euro to $1 = 2 euros, then holding everything else constant, the price of U.S. goods in Portugal will decrease.

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