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In the Following Diagram D Is the US Demand Curve

question 29

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In the following diagram D is the US demand curve for Euro and S is the US supply curve for Euro.If the exchange rate of Euro is US$1.5/€ then which of the following is true.
In the following diagram D<sub>€</sub> is the US demand curve for Euro and S<sub>€</sub> is the US supply curve for Euro.If the exchange rate of Euro is US$1.5/€ then which of the following is true.    A) US has a balance of trade deficit of 6 billion Euro B) US has a balance of trade surplus of 6 billion Euro C) US has a balance of trade deficit of 2 billion Euro D) US has a balance of trade surplus of 4 billion Euro


Definitions:

Observable Behaviors

Actions or reactions of an organism that can be seen and measured.

Mental Experiences

Phenomena that occur in the mind, such as thoughts, feelings, and perceptions.

Reinforcements

In psychology, the use of rewards or punishments to increase or decrease the likelihood of a specific behavior occurring again.

Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning, emphasizing the role of environmental factors over genetics.

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