Use the (hypothetical) information in the following table to answer the following questions.
Table 31-1

-Refer to Table 31-1.In real terms,U.S.goods are less expensive than goods in which country(ies)?
A)Bolivia and Morocco
B)Japan, Norway, and Thailand
C)Japan and Norway
D)Thailand

Question

Use the (hypothetical) information in the following table to answer the following questions.
Table 31-1
 
-Refer to Table 31-1.In real terms,U.S.goods are less expensive than goods in which country(ies)?
A)Bolivia and Morocco 
B)Japan, Norway, and Thailand 
C)Japan and Norway 
D)Thailand

Quizplus · Accepted Answer

According to the table, the Real Effective Exchange Rate (REER) for the United States is lower than the REER for Japan and Norway, indicating that U.S. goods are relatively cheaper in those countries. Therefore, the best choice is C) Japan and Norway.

Use the (Hypothetical) Information in the Following Table to Answer