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Author Question: Initially trade between Australia and the United States is balanced. Then, if a change in the ... (Read 32 times)

jon_i

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on: Apr 19, 2019

Question 1

If the exchange rate between the United States and India changes from $1 = 60 rupees to $1 = 10 rupees, 
ceteris paribus


◦ the United States imports from India increase.
◦ Indian exports to the United States increase.
◦ the United States exports to India increase.
◦ the trade deficit in the United States increases.

Question 2

Initially trade between Australia and the United States is balanced. Then, if a change in the exchange rate increases the U.S. dollar price of Australian goods, 
ceteris paribus, we would expect


◦ a trade deficit in the United States.
◦ a trade surplus in the United States.
◦ a trade deficit in Australia.
◦ a trade deficit in both countries.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jon_i on Apr 19, 2019

Animal_Goddess

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jon_i

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

Animal_Goddess

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Reply 3 on: Yesterday
:D TYSM

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