Multiple Choice
If the exchange rate is 5 units of Peruvian currency per dollar and a hotel room in Lima costs 300 units of Peruvian currency,how many dollars do you need to get a room?
A) 1,500, and your purchase will increase Peru's net exports.
B) 60 and your purchase will increase Peru's net exports.
C) 1,500 and your purchase will have no effect on Peru's net exports.
D) 60 and your purchase will have no effect on Peru's net exports.
Correct Answer:
Verified
Correct Answer:
Verified
Q78: Most of the change from 1991 to
Q89: A roll of duct tape costs 3
Q96: If France has a trade surplus,then<br>A)foreign countries
Q97: Suppose the same basket of goods costs
Q98: The law of one price states that<br>A)a
Q99: When U.S.national savings rises,domestic investment also necessarily
Q176: If the exchange rate is 125 yen
Q188: From 1991-2000,U.S.net capital outflow as a percent
Q261: Suppose that the real exchange rate between
Q421: When the yen gets "stronger" relative to