Table 13-2

-Refer to Table 13-2. In real terms, U.S. goods are less expensive than goods in which country(ies)?
A) Bolivia and Morocco
B) Japan, Norway, and Thailand
C) Japan and Norway
D) Thailand

Question

Table 13-2
 
-Refer to Table 13-2. In real terms, U.S. goods are less expensive than goods in which country(ies)?
A) Bolivia and Morocco 
B) Japan, Norway, and Thailand 
C) Japan and Norway 
D) Thailand

Quizplus · Accepted Answer

The table shows the exchange rates for five different countries' currencies in terms of U.S. dollars. The lower the number in the "U.S. Dollar Equivalent" column, the stronger the currency. Therefore, if U.S. goods are relatively less expensive in a certain country, it means that the currency in that country is stronger than the U.S. dollar. From the table, we can see that the countries with the lowest U.S. dollar equivalent are Japan and Norway, indicating that their currencies are relatively stronger than the U.S. dollar. Therefore, the correct answer is C.

Table 13-2 -Refer to Table 13-2. in Real Terms, U.S. Goods Are