Author Question: If the exchange rate between the United States and Mexico changes from $1 = 100 pesos to $1 = 5 ... (Read 58 times)

cookcarl · **on:** Apr 19, 2019

Question 1

If the exchange rate between the United States and Japan changes from $1 = 100 yen to $1 = 110 yen, then,
ceteris paribus, the price of American goods in Japan

◦ could either increase or decrease.
◦ will decrease.
◦ will remain the same.
◦ will increase.

Question 2

If the exchange rate between the United States and Mexico changes from $1 = 100 pesos to $1 = 5 pesos,
ceteris paribus

◦ U.S. imports from Mexico increase.
◦ Mexican exports to the United States increase.
◦ U.S. exports to Mexico increase.
◦ the trade deficit in the United States increases.

sierrahalpin · **Reply #1 on:** Apr 19, 2019

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