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 Japanese goods exported to the United States likely decreased because Japanese goods became more expensive to consumers in the United States.
B) the number of U.S.goods exported to Japan likely decreased because U.S.goods became less expensive to consumers in Japan.
C) the number of Mexican goods exported to the United States likely increased because the Mexican peso depreciated against the U.S.dollar.
D) the number of U.S.goods exported to Mexico likely did not change because the Mexican peso is pegged to the Japanese yen, but not to the U.S.dollar.
E) the number of Japanese goods exported to the United States likely increased because Japanese goods became less expensive to consumers in the United States.
Correct Answer:
Verified
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