Multiple Choice
If you are vacationing in Spain and the dollar depreciates relative to the euro, then the dollar buys
A) more euros.It will take fewer dollars to buy a good that costs 50 euros.
B) more euros.It will take more dollars to buy a good that costs 50 euros.
C) fewer euros.It will take fewer dollars to buy a good that costs 50 euros.
D) fewer euros.It will take more dollars to buy a good that costs 50 euros.
Correct Answer:
Verified
Correct Answer:
Verified
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