This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If interest rates in Mexico decrease while the interest rates in the United States remain unchanged ... (Read 112 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
If interest rates in Mexico decrease while the interest rates in the United States remain unchanged then
 
  A) the supply of Mexican pesos will increase.
  B) the supply of Mexican pesos will decrease.
  C) the supply of U.S. dollars will increase.
  D) None of the above answers is correct.

Question 2

If the price elasticity of demand for clothing is 0.64, this implies that
 
  A) a 6.4 percent increase in price the price of clothing leads to a 10 percent decrease in the quantity demanded.
  B) a 10 percent increase in the price of clothing leads to a 6.4 percent decrease in the quantity demanded.
  C) if there is an increase in the price of clothing the total expenditures on clothing decreases.
  D) Both answers A and C are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tdewitt

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Zulu123

  • Member
  • Posts: 525
Reply 2 on: Jun 29, 2018
:D TYSM

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Cartoon of Uncle Sam teaching states in Puck Cartoon of Uncle Sam teaching states in Puck
Prevalence of Diabetes in the United States Based on Age and Sex Data from the American Diabetes ... Prevalence of Diabetes in the United States Based on Age and Sex Data from the American Diabetes ...
The three states of matter: solid, liquid, and gas. The three states of matter: solid, liquid, and gas.
Directions and Rates of Plate Motions Directions and Rates of Plate Motions
Fraction of obese individuals by state in 1998 and 2008. In 1998, 42 states had obesity rates below Fraction of obese individuals by state in 1998 and 2008. In 1998, 42 states had obesity rates below
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library