The Following Table Shows the Number of U

question 115

Multiple Choice

The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between January 1, 2013, and April 1, 2013. Use this table to answer the questions that follow.

-Between January 1,2013,and February 1,2013,the number of:

• A) Japanese goods exported to the United States likely decreased because Japanese goods became more expensive to consumers in the United States.
• B) U.S.goods exported to Japan likely decreased because U.S.goods became less expensive to consumers in Japan.
• C) Mexican goods exported to the United States likely increased because the Mexican peso depreciated against the U.S.dollar.
• D) U.S.goods exported to Mexico likely did not change because the Mexican peso is pegged to the Japanese yen, but not to the U.S.dollar.
• E) Japanese goods exported to the United States likely increased because Japanese goods became less expensive to consumers in the United States.

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Definitions:

Income Limit

The maximum amount of income that allows for eligibility for certain tax benefits or programs.

Self-Employed

Individuals who work for themselves, not as employees of someone else, and are responsible for their own taxes and business arrangements.

Self-Employment Tax

Self-employment tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves, comparable to the payroll tax paid by employers and employees.

Consulting Income

Earnings derived from providing expert advice to individuals or organizations in a specific field.