If the Dollar Price of the Euro Goes from $1

question 17

Multiple Choice

If the dollar price of the euro goes from $1 to 90 cents, the euro has

• A) appreciated, and Europeans will find U.S. goods cheaper.
• B) appreciated, and Europeans will find U.S. goods more expensive.
• C) depreciated, and Europeans will find U.S. goods cheaper.
• D) depreciated, and Europeans will find U.S. goods more expensive.

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Definitions:

Cnidarians

A phylum of aquatic invertebrate animals that includes jellyfish, corals, and sea anemones, characterized by their radial symmetry and stinging cells.

Spicules

Small, pointed structures made of silica or calcium carbonate serving as a skeletal element in sponges and other invertebrates.

Flagella

Long, slender appendages that protrude from the cell body of some bacteria, protozoa, and spermatozoa, used for locomotion.

Sponges

Simple aquatic animals with a porous body that water flows through, belonging to the phylum Porifera.