Exhibit 15.1

At the Plaza Accord of 1985, the Group-of-Five nations agreed to drive the value of the dollar downward (i.e., depreciation) so as to help reduce the U.S. trade deficit. Answer the following question(s) on the basis of this information.
-In Figure 2.3, one car can be produced at a cost of
A) one and two-thirds tons of wheat.
B) two and one-third tons of wheat.
C) three fifths tons of wheat.
D) three sevenths tons of wheat.

Question

Exhibit 15.1

At the Plaza Accord of 1985, the Group-of-Five nations agreed to drive the value of the dollar downward (i.e., depreciation) so as to help reduce the U.S. trade deficit. Answer the following question(s) on the basis of this information.
-In Figure 2.3, one car can be produced at a cost of
A) one and two-thirds tons of wheat.
B) two and one-third tons of wheat.
C) three fifths tons of wheat.
D) three sevenths tons of wheat.

Quizplus · Accepted Answer

The correct answer is based on the information provided in Exhibit 15.1, which discusses the Plaza Accord's impact on currency value but does not directly provide data to calculate the cost of producing a car in terms of wheat. Therefore, without specific data from Figure 2.3, it's not possible to accurately determine the cost of producing a car in wheat tons. The choice provided as correct (A) is arbitrary without access to the specific details in Figure 2.3.

Exhibit 15.1 At the Plaza Accord of 1985, the Group-Of-Five Nations Agreed