Suppose That the Real Exchange Rate Between the United States

question 18

Multiple Choice

Suppose that the real exchange rate between the United States and Kenya is defined in terms of baskets of goods.Other things the same,which of the following will increase the real exchange rate (that is increase the number of baskets of Kenyan goods a basket of U.S.goods buys) ?

• A)an increase in the number of Kenyan shillings that can be purchased with a dollar
• B)an increase in the price of U.S.goods
• C)a decrease in the price in Kenyan shillings of Kenyan goods
• D)All of the above are correct.

---

Definitions:

Sensation

How our sensory receptors and nervous system take in and illustrate stimuli energies from the surroundings.

Clairvoyance

The claimed ability to gain information about an object, person, location, or physical event through extrasensory perception, beyond the five senses.

Psychokinesis

The purported ability to move or manipulate objects with the mind, without physical interaction, a phenomenon not supported by scientific evidence.

Telepathy

The purported transmission of information from one person to another without using any of our known sensory channels or physical interaction.