A reduction in the real exchange rate indicates that A) ...

[tfester]

A reduction in the real exchange rate indicates that
 
  A) foreign goods are now relatively cheaper.
  B) foreign goods are now relatively more expensive.
  C) domestic goods are now relatively more expensive.
  D) both A and C

Question 2

An increase in the minimum wage will tend to cause which of the following?
 
  A) an upward shift in the WS curve
  B) a downward shift in the WS curve
  C) an upward shift in the PS curve
  D) a downward shift in the PS curve
  E) none of the above

[DylanD1323]

Answer to Question 1

B

Answer to Question 2

A

[tfester]

YES! Correct, THANKS for helping me on my review

[upturnedfurball]

Thanks for the timely response, appreciate it