Answer the Question on the Basis of the Following Table,which

question 40

Multiple Choice

Answer the question on the basis of the following table,which indicates the dollar price of luta,the currency used in the hypothetical economy of Luteland: $\begin{array}{c}\begin{array}{c}\underline{\text {Quantity of Luta}}\\\underline{\text {Demanded (Billions) }}\\200 \\400 \\600 \\800\end{array}\begin{array}{c}\underline{\text {Dollar Price}}\\\underline{\text {of Luta }}\\ \$ 10 \\8 \\6 \\2\end{array}\begin{array}{c}\underline{\text {Quantity of Luta}}\\\underline{\text {Supplied (Billions) }}\\650 \\400 \\200 \\150\end{array}\end{array}$
Refer to the table.Suppose that the United States imports more products from Luteland than before.All else equal,the dollar price of luta will:

• A) rise and the dollar will depreciate.
• B) fall and the dollar will depreciate.
• C) rise and the dollar will appreciate.
• D) fall and the dollar will appreciate.

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Definitions:

Theories of Globalization

Diverse perspectives and approaches used to analyze the processes of global interconnection and the impact of worldwide integration of cultural, economic, and political factors.

Postmodern Social Theory

A framework that challenges modernist ideas, highlighting the complexity of social identities and the relative nature of knowledge.

Theories of Consumption

Refers to various frameworks for understanding how and why individuals or societies engage in buying, using, and disposing of goods and services.

Marxist Tradition

A body of thought derived from the works of Karl Marx, focusing on the role of class struggle in societal change and development.