Figure 18.2
-Referring to Figure 18.2, Mexican goods will become more expensive in the United States if the exchange rate goes from ________ to ________ pesos to the dollar.

Question

Quizplus · Accepted Answer

When the exchange rate goes from 12 to 11 pesos to the dollar, it means that you now need more dollars to buy the same amount of pesos, making Mexican goods more expensive for Americans.

Figure 18.2 -Referring to Figure 18.2, Mexican Goods Will Become More Expensive