To answer the question just put an A, B, or C next to 1., 2.,3 ,..listed vertically. g.... A = prefer higher relative domestic currency to foreign currency (appreciating/stronger currency) B = prefer lower relative domestic currency to foreign currency (depreciating/weaker currency) C = would not care either way/indifferent to domestic currencies relative value Portugal company that makes flavored wine that they export to the U.S. only and do not sell domestically in their home market or anywhere else 1. 2. U.K. clothing retailer that gets all of its products for its stores out of China and Turkey. 3. Consumers who buy imported wines and cheese.
To answer the question just put an A, B, or C next to 1., 2.,3 ,..listed vertically. g.... A = prefer higher relative domestic currency to foreign currency (appreciating/stronger currency) B = prefer lower relative domestic currency to foreign currency (depreciating/weaker currency) C = would not care either way/indifferent to domestic currencies relative value Portugal company that makes flavored wine that they export to the U.S. only and do not sell domestically in their home market or anywhere else 1. 2. U.K. clothing retailer that gets all of its products for its stores out of China and Turkey. 3. Consumers who buy imported wines and cheese.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Open-economy Macroeconomics: Basic Concepts
Section: Chapter Questions
Problem 2PA
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