If the Equilibrium Exchange Rate Changes So That Fewer Dollars

question 238

Multiple Choice

If the equilibrium exchange rate changes so that fewer dollars are needed to buy a South Korean won, then

• A) Americans will buy fewer Korean goods and services.
• B) the won has appreciated in value.
• C) fewer U.S. goods and services will be demanded by the South Koreans.
• D) the dollar has depreciated in value.

---

Definitions:

Alienated Followers

Individuals within a group or organization who feel estranged or detached from their leaders due to perceived lack of voice or value.

Independently

Acting or making decisions without the influence or assistance from others, implying autonomy in thoughts and actions.

Critically

Involves analyzing, evaluating, and synthesizing information in order to form a reasoned judgment or understanding.

Charisma

A personal quality that gives an individual influence or authority over large numbers of people.