Asked by Anonymous
One U.S. dollar was worth 16 Mexican pesos in 2009, but in 2011 the U.S. dollar is worth 14 Mexican pesos. What is a likely result of this change in the U.S. dollar’s exchange value?
It will cost more for Mexicans to vacation in the United States.
Americans will pay less for goods produced in Mexico.***
Americans will pay more for goods produced in Mexico.
It will cost less for Americans to vacation in Mexico.
It will cost more for Mexicans to vacation in the United States.
Americans will pay less for goods produced in Mexico.***
Americans will pay more for goods produced in Mexico.
It will cost less for Americans to vacation in Mexico.