Exchange Rates Table YEAR 2014 2015 2016 US $ $1 $1 $1 Canadian $ 1.25 1.35 1.45 British Pound .85 .7 .6 Mexican Peso 9 10 16 Based on the Exchange rates above, How might international trade be affected ? The US will import more from Great Britain. Mexico will import more from the US Great Britan will import more from the US O Canada will import more from the US

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: International Finance
Section: Chapter Questions
Problem 3QP
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The picture below is the table to the question. The highlighted one is my guess which is wrong.

Based on the Exchange rates above, How might international trade be affected?

A)The US will import more from Great Britain (this one is wrong)

B)Mexico will import more from the US

C)Great Britain will import more from the US

D)Canada will import more from the US

Exchange Rates Table
YEAR
2014 2015 2016
$1
$1
$1
Canadian $
1.25 1.35 1.45
British Pound .85 .7
.6
Mexican Peso 9
10
16
Based on the Exchange rates above, How might international trade be affected ?
The US will import more from Great Britain.
Mexico will import more from the US
Great Britan will import more from the US
Canada will import more from the US
Transcribed Image Text:Exchange Rates Table YEAR 2014 2015 2016 $1 $1 $1 Canadian $ 1.25 1.35 1.45 British Pound .85 .7 .6 Mexican Peso 9 10 16 Based on the Exchange rates above, How might international trade be affected ? The US will import more from Great Britain. Mexico will import more from the US Great Britan will import more from the US Canada will import more from the US
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