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QUESTION 17 One of the major trading partners of Mexico is the USA. In 1997, one US dollar was equal to 8 Mexican pesos whereas
QUESTION 17 One of the major trading partners of Mexico is the USA. In 1997, one US dollar was equal to 8 Mexican pesos whereas in 2009, one US dollar was equal to 13 Mexican pesos. Therefore, the 2009 exchange rate between US dollars and Mexican pesos implies American consumers are becoming better off buying Mexican products Mexican consumers are becoming better off buying American products Ob. American manufacturers can make more exports to Mexico None of the above
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