In the Following Diagram D_€ Is the US Demand Curve

question 29

Multiple Choice

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.

• 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

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