Multiple Choice
Suppose the exchange rate in the year 2014 was 5 yuan per dollar and in 2015 the exchange rate fell to 4 yuan per dollar.If the price of a Chinese jumper was 120 yuan in both years,the new dollar price in 2015 would be ________ and imports of Chinese jumpers would ________.
A) $40;decrease
B) $40;stay the same because the price stayed the same at 120 yuan
C) $30;increase
D) $40;increase
E) $30;decrease
Correct Answer:
Verified
Correct Answer:
Verified
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