Assume That the Exchange Rate Between the Dollar and the Euro

question 34

Multiple Choice

Assume that the exchange rate between the dollar and the euro is €0.6 = $1. Suppose the exchange rate changes to €0.50 = $1. Because of the change:

• A)Australian exports should increase and Australian imports should increase.
• B)Australian exports should decrease and Australian imports should increase.
• C)Australian exports should increase and Australian imports should decrease.
• D)Australian exports should decrease and Australian imports should decrease.

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Definitions:

Cumulative Percent

A measure that shows the proportion of data points below a certain value, typically used in percentile rankings or distributions.

Frequency Distribution

A summary of how often each different value occurs in a dataset.

11th Grade

The third year of high school in many educational systems, typically characterized by students aged 16-17 years.

Real Upper Limits

In statistics, the value that slightly exceeds the upper boundary of a class interval in a frequency distribution, taking into account the continuity of data.