Other Things the Same,the Real Exchange Rate Between U

question 45

Multiple Choice

Other things the same,the real exchange rate between U.S.and Belgian goods would be higher if

• A)​prices in the U.S.were higher,or the number of euro the dollar purchased were higher.
• B)​prices in the U.S.were higher,or the number of euro the dollar purchased were lower.
• C)​prices in the U.S.were lower,or the number of euro the dollar purchased were higher.
• D)​prices in the U.S.were lower,or the number of euro the dollar purchased were lower.

---

Definitions:

Minimum-Wage Laws

Legislation that sets the lowest hourly wage that employers can legally pay their workers, intended to protect workers from exploitation.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate, in a certain period.

Supplemental Nutrition

Programs or interventions designed to provide additional nutritional support, especially to vulnerable groups such as children, the elderly, or low-income families.

Capital Gains Tax

A tax levied on the profit received from selling a capital asset such as stocks, bonds, or real estate.