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In the Following Diagram D€ Is the US Demand Curve

Question 29

Multiple Choice

In the following diagram D€ is the US demand curve for Euro and S€ is the US supply curve for Euro.If the exchange rate of Euro is US$1.5/€ then which of the following is true.
In the following diagram D<sub>€</sub> is the US demand curve for Euro and S<sub>€</sub> is the US supply curve for Euro.If the exchange rate of Euro is US$1.5/€ then which of the following is true. A) US has a balance of trade deficit of 6 billion Euro B) US has a balance of trade surplus of 6 billion Euro C) US has a balance of trade deficit of 2 billion Euro D) US has a balance of trade surplus of 4 billion Euro


A) US has a balance of trade deficit of 6 billion Euro
B) US has a balance of trade surplus of 6 billion Euro
C) US has a balance of trade deficit of 2 billion Euro
D) US has a balance of trade surplus of 4 billion Euro

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