Suppose the Exchange Rate in the Year 2010 Was 4

question 150

Multiple Choice

Suppose the exchange rate in the year 2010 was 4 yuan per dollar and in 2011 the exchange rate fell to 3 yuan per dollar.If the price of a Chinese sweater was 120 yuan in both years,the new dollar price in 2011 would be ________ and imports of Chinese sweaters would ________.

• A)$40;increase
• B)$30;decrease
• C)$40;decrease
• D)$30;increase
• E)$40;stay the same because the price stayed the same at 120 yuan

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Definitions:

Group Diversity

The presence of a wide range of differences among members of a group, including demographic factors, skills, experiences, and perspectives, which can enhance creativity and problem-solving.

Data Driven

A decision-making process that prioritizes and relies heavily on data analysis and interpretation to guide actions and strategies, minimizing intuition-based decisions.

Behavioral Norms

Socially accepted standards of behavior that individuals are expected to comply with in a specific group, community, or culture.

Team Members

Individuals who are part of a group collaborating towards a common goal or project, each contributing with their unique skills and perspectives.