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,then 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
Q13: If a country sells more goods and
Q23: If a country has a trade surplus<br>A)it
Q35: Net capital outflow<br>A)is always greater than net
Q78: Most of the change from 1991 to
Q110: A U.S. firm opens a factory that
Q136: Other things the same,which of the following
Q138: A Venezuelan firm purchases earth-moving equipment from
Q163: If purchasing-power parity holds, then the value
Q225: If U.S.exports are $300 billion and U.S.imports
Q238: Suppose that the real exchange rate between