The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between January 1, 2013, and April 1, 2013. Use this table to answer the next seven questions:
-Between January 1,2013,and February 1,2013:
A) the number of U.S.goods exported to Mexico likely increased because U.S.goods became more expensive to consumers in Mexico.
B) the number of U.S.goods exported to Mexico likely decreased because U.S.goods became more expensive to consumers in Mexico.
C) the number of U.S.goods exported to Mexico likely increased because U.S.goods became less expensive to consumers in Mexico.
D) the number of U.S.goods exported to Mexico likely decreased because U.S.goods became less expensive to consumers in Mexico.
E) the number of U.S.goods exported to Mexico likely did not change because exchange rates do not affect trade.
Correct Answer:
Verified
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