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Question 11 2.5 pts Mambo and Rumba are economies of similar sizes. Mambos growth rate is 3 percent whereas Rumba is growing
Question 12 2.5 pts The foreign exchange market is in equilibrium, with each British pound trading for $1.50. Now the overall
Question 13 2.5 pts A TV set costs 20,000 yen in Japan and an identical set costs $250in the United States. The exchange rate
Question 14 2.5 pts American goods become less attractive to Mexican buyers while more Mexican tourists are travelling to the
Question 15 2.5 pt American consumers become more affluent. We would expect the demand for imports to and the dollar to decre
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Answer #1

Q 11- Rumba; hurt

Q 12- Pound; the pound will appreciate

Q 13- increase; appreciate

Q 14- not change

Q 15 - increase, appreciate

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Answer #2

Q 11- Rumba; hurt

Q 12- Pound; the pound will appreciate

Q 13- increase; appreciate

Q 14- not change

Q 15 - increase, appreciate

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