The figure above shows the supply curve of Australian dollars in the foreign exchange market.
-If the exchange rate rises as shown by the arrow in the figure above, the price of imports coming into Australia will be ________, Australians will supply ________ dollars in order to get the foreign exchange to purchase ________ imported goods.
A) lower; fewer; fewer
B) higher; fewer; more
C) lower; more; more
D) lower; fewer; more
E) higher; more; more
Correct Answer:
Verified
Q37: Australia currently is
A) a creditor nation and
Q38: During the last year, foreign investment in
Q39: The foreign exchange rate is defined as
A)
Q40: X = exports, M = imports, S
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