Author Question: Refer to Table 29-2. Given the following exchange rates in the above table, what are the exchange ... (Read 121 times)

Tazate · **on:** Jun 29, 2018

Refer to Table 29-2. Given the following exchange rates in the above table, what are the exchange rates stated as U.S. dollars per Mexican peso and U.S. dollars per British pound respectively?

A) 0.10 dollars per peso and 2.00 dollars per pound
B) 0.10 dollars per peso and 5.00 dollars per pound
C) 1.00 dollars per peso and 20.00 dollars per pound
D) 0.01 dollars per peso and 0.50 dollars per pound
E) 0.01 dollars per peso and 0.20 dollars per pound

Question 2

Refer to Figure 24-4. Given the economy is at point A in year 1, what will happen to the price level in year 2?

A) It will remain constant. B) It will fall.
C) It will rise. D) not enough information to answer the question