A shift of the U.S. demand curve for Mexican pesos to the left ...

[corkyiscool3328]

A shift of the U.S. demand curve for Mexican pesos to the left and a decrease in the pesos price per dollar would likely result from:
 a. an increase in the U.S. inflation rate relative to the rate in Mexico.
  b. a change in U.S. consumers' tastes away from Mexican products and toward products made in South Korea, India, and Taiwan.
  c. U.S. buyers perceiving that domestically-produced products are of a lower quality than products made in Mexico.
  d. all of these.

Question 2

The consumption function has a positive slope.
 a. True
  b. False
  Indicate whether the statement is true or false

[brittiany.barnes]

Answer to Question 1

b

Answer to Question 2

True

[corkyiscool3328]

Correct answers!

[brittiany.barnes]

Great! Please up vote