Other things the same, the real exchange rate between American and Mexican goods would be lower if
A)prices of Mexican goods were higher, or the number of pesos a dollar purchased was higher.
B)prices of Mexican goods were higher, or the number of pesos a dollar purchased was lower.
C)prices of Mexican goods were lower, or the number of pesos a dollar purchased was higher.
D)prices of Mexican goods were lower, or the number of pesos a dollar purchased was lower.

Question

Quizplus · Accepted Answer

The Answer of Other things the same, the real exchange rate between American and Mexican goods would be lower if
A)prices of Mexican goods were higher, or the number of pesos a dollar purchased was higher.
B)prices of Mexican goods were higher, or the number of pesos a dollar purchased was lower.
C)prices of Mexican goods were lower, or the number of pesos a dollar purchased was higher.
D)prices of Mexican goods were lower, or the number of pesos a dollar purchased was lower.

Other Things the Same, the Real Exchange Rate Between American