Multiple Choice
Suppose that the exchange rate between the U.S.dollar and the Mexican peso starts out at $0.12 per peso,and then changes to $0.09 per peso.The result will be that Americans will buy __________ pesos because Mexican goods become relatively __________ expensive.
A) fewer; more
B) fewer; less
C) more; more
D) more; less
Correct Answer:
Verified
Correct Answer:
Verified
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