6 If the U.S. dollar drops to 1.1485 euros from 1.1598 euros, then the dollar has ...

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6 If the U.S. dollar drops to 1.1485 euros from 1.1598 euros, then the dollar has ■

a. appreciated against the euro, and the prices of European cars will increase in the United States.

b. appreciated against the euro, and the prices of European cars will decrease in the United States.

c. depreciated against the euro, and the prices of European cars will increase in the United States.

d. depreciated against the euro, and the prices of European cars will decrease in the United States.

e. depreciated against the euro, and the prices of American cars will increase in Europe.

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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