When the dollar depreciates, each dollar buys

a. more foreign currency, and so buys more foreign goods.

b. less foreign currency, and so buys fewer foreign goods.

c. more foreign currency, and so buys fewer foreign goods.

d. less foreign currency, and so buys more foreign goods.

Question

15 November, 04:58

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Answers (1)

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Rollie · Answer 1

C

Explanation:

more foreign currency, and so buys fewer foreign goods.

When the dollar depreciates, each dollar buysa. more foreign currency, and so buys more foreign goods.b. less foreign currency, and so buys fewer foreign goods.c. more foreign currency, and so buys fewer foreign goods.d. less foreign currency, and so buys more foreign goods.