The Following Question Are Based on the Following Graph, Showing

question 43

Multiple Choice

The following question are based on the following graph, showing the market for pesos. Mexico and the United States are engaged in a system of flexible exchange rates.

-If more people in the United States decide to purchase Mexican goods,the exchange rate (in terms of the dollar to the peso)

• A) rises because demand increases.
• B) falls because demand increases.
• C) falls because demand decreases.
• D) rises because demand decreases.
• E) falls because supply decreases.

Identify and analyze the equilibrium prices and quantities in international trade scenarios.

Understand the concept of nontariff barriers (NTBs) and their examples.

Recognize the effects of tariffs on domestic and foreign producers and consumers.

Understand how voluntary export restrictions work and their impact on trade.

---

Definitions:

Globalization

The process of increased interconnectedness and interdependence among countries globally, through trade, technology, culture, and politics.

Fieldwork

The collection of information or samples from the natural environment or in social settings, often used in anthropology, biology, and sociology.

Globalization

Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of the world's economies, cultures, and populations.

Code of Ethics

A code of ethics is a set of principles and guidelines designed to help professionals conduct their activities with honesty, integrity, and fairness.