If, in year 1980, $1 = 1.5 euro, and in 1987, $1 = 0.9 euro, which...
If, in year 1980, $1 = 1.5 euro, and in 1987, $1 = 0.9 euro, which of the following statements would be true?
1) greater Americans will buy European cars.
2)) Less Europeans will visit United States.
3) greater Americans will visit Europe.
Homework Answers
Answer.) None of the given option is true.
first option is incorrect because now Americans shall have to pay higher amount in 1987 to buy European cars than what they were paying in 1980. Therefore, less Americans will buy European cars
Second option is incorrect because now Europeans will be paying less amount in 1987 to visit America than what they were paying in 1980. More Europeans will visit United States
Third option is also Incorrect because now Americans will be paying greater amount in 1987 to visit Europe than what they paying in 1980. Therefore, less Americans will visit Europe
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