If the Price of the Brazilian Real Is 60 Cents

question 102

Multiple Choice

If the price of the Brazilian real is 60 cents and a U.S. resident purchases a Brazilian-manufactured item for 60,000 real, there will be

• A) a quantity demanded of 60,000 real and a quantity supplied of $60,000.
• B) a quantity demanded of 60,000 real and a quantity supplied of $36,000.
• C) a quantity demanded of 60,000 real, but we cannot determine the effect in the market for dollars.
• D) a quantity supplied of 60,000 real and a quantity demanded of 60,000 yen.

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Definitions:

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A diagnostic tool used to identify discrepancies between the current culture of an organization and its desired state, to inform change strategies.

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