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QUESTION 13 The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to
QUESTION 13 The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between January 1, 2013, and April 1, 2013. Use this table to answer the questions that follow: U.S. Dollars U.S. Dollars Required to Buy Required to Buy Date 1 Mexican Peso 1 Japanese Yen January 1, 2013 0.07758 0.01154 February 1, 2013 0.07933 0.01077 March 1, 2013 0.07838 0.01080 April 1, 2013 0.08088 0.01073 Between January 1, 2013, and February 1, 2013: O a. the number of U.S. goods exported to Mexico likely decreased because U.S. goods became less expensive to consumers in Mexico. O b. the number of U.S. goods exported to Mexico likely increased because U.S. goods became less expensive to consumers in Mexico. O c. the number of U.S. goods exported to Mexico likely increased because U.S. goods became more expensive to consumers in Mexico. O d. the number of U.S. goods exported to Mexico likely did not change because exchange rates do not affect trade. O e. the number of U.S. goods exported to Mexico likely decreased because U.S. goods became more expensive to consumers in Mexico
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