Use the (hypothetical) information in the following table to answer the following questions.
Table 31-1
-Refer to Table 31-1.In real terms,U.S.goods are less expensive than goods in which country(ies) ?
Definitions:
Exchange Rate
The price at which one country's currency can be exchanged for another country's currency.
Domestic Investment
Domestic investment pertains to the total amount of money spent on capital goods, services, and structures within a country.
Loanable Funds Market
A market where borrowers and lenders interact, with the interest rate determined by the supply of and demand for loanable funds.
Curve Shift
A movement of a demand or supply curve to the left or right, indicating a change in some economic factor other than price.
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