If the dollar price of one South African rand (ZAR) increases ...

[APUS57]

If the dollar price of one South African rand (ZAR) increases from 0.076 in 1999 to 0.083 in 2003, we can say that the reciprocal exchange rate moved from:
 a. 1 = ZAR 13.2 in 1999 to 1 = ZAR 12.0 in 2003.
  b. 1 = ZAR 12.0 in 1999 to 1 = ZAR 13.2 in 2003.
  c. 1 = ZAR 0.076 in 1999 to 1 = ZAR 0.083 in 2003.
  d. ZAR 1 = 0.083 in 1999 to ZAR 1 = 0.076 in 2003.
  e. 1 = ZAR 176 in 1999 to 1 = ZAR 183 in 2003.

Question 2

Which of the following will increase the demand for U.S. products in the international market?
 a. An increase in the average price level in the U.S.
  b. A depreciation of foreign currency
  c. A depreciation of the U.S. dollar
  d. A tariff imposed by the U.S. on imported goods
  e. A rise in the domestic demand for goods and services

[ansleighelindsey]

Answer to Question 1

a

Answer to Question 2

c

[APUS57]

Excellent

[tanna.moeller]

TYSM